Will Competitors Gain Advantage as Laurentian Bank’s Management Crisis Undermines Trust? Pierre-Yves McSween Examines

2023-10-03 14:35:00

While the Laurentian Bank is experiencing a certain form of crisis with the replacement of its management, economic columnist Pierre-Yves McSween wonders whether competitors will be able to take advantage of the situation?

According to him, a bank offers services, but above all offers a bond of trust to its customers. And this bond of trust has certainly been undermined in recent months at Laurentian.

Pierre-Yves also addresses the issue of testamentary gifting, which he believes is a solution to a deficient gift culture.

He explains that he recently investigated the empire of giving and confirms the disparity between the importance of philanthropic culture among French-speakers and English-speakers.

Why does McGill University have a more complete culture of giving than the University of Montreal? There is a question of wealth, but there is also a question of culture and financial security according to the columnist.

But is a testamentary gift a solution?

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#Economic #Chronicle #Laurentian #Bank #competitors #advantage #situation #Montreal

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Alexandra Hartman Editor-in-Chief

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