10:43 AM EST - Laurentian Bank of Canada : Last week disclosed issues arising from a review of mortgages that it had sold to a third party purchaser. Those issues resulted in the Bank repurchasing some mortgages and enhancing its quality control functions and underwriting procedures, and may result in it being required to repurchase additional mortgages. Given recent reports in the media, the Bank wants to clarify why it does not believe these matters are material to its business, capital, operations and funding. Therefore, as a precaution, the Bank is issuing this press release and is filing a material change report to draw the market's attention to the effect these matters have on the business, capital, operations and funding of the Bank. Laurentian Bank of Canada
shares T.LB are trading up $0.33 at $57.75.
