National Bank Plans Capital Reorganization with CWB

National Bank of Canada (TSE:NA) has released an update.

National Bank of Canada and Canadian Western Bank have announced a reorganization of CWB’s tier 1 capital, linked to National Bank’s acquisition of CWB. The plan includes exchanging CWB’s preferred shares for new National Bank shares and early redemption of certain capital notes, pending regulatory approvals.

For further insights into TSE:NA stock, check out TipRanks’ Stock Analysis page.