Wednesday, November 29, 2006
National Bank's Quebec Discount
The Globe and Mail, Derek DeCloet, 29 November 2006This is a tale of two banks. For the moment, let's call them Company A and Company B.Company A is one of best-run banks in Canada, though it wasn't always so. Along with one other player, it dominates the financial services market in one region of the country. Its earnings are diversified and, though its Bay Street securities arm has struggled,
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