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TSX:LB 2 December 2025

Fairstone to Buy Laurentian Bank in C$1.9 Billion Break-Up Deal as National Bank Takes Retail Business

Fairstone to Buy Laurentian Bank in C$1.9 Billion Break-Up Deal as National Bank Takes Retail Business

Fairstone Bank will acquire Laurentian Bank of Canada for about C$1.9 billion in cash, while National Bank of Canada will buy Laurentian’s retail and SME banking portfolios, including C$3.3 billion in loans and C$7.6 billion in deposits. Laurentian’s Québec branches will close, with staff able to apply for roles at National Bank. The deal follows Laurentian’s failed 2023 sale and recent restructuring.
2 December 2025
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Stock Market Today

  • Palantir CEO Criticizes AI Spending of Anthropic and OpenAI Amid Rising Corporate AI Costs
    June 10, 2026, 12:38 PM EDT. Palantir CEO Alex Karp criticized major AI firms Anthropic and OpenAI for high enterprise AI spending and limited client satisfaction. Karp highlighted Palantir's role in supporting Anthropic projects and urged companies to move beyond costly token-based billing, a model charging users per text processed by AI. As corporate buyers set firm AI budgets, many face "sticker shock" with modest cost savings, per Bain data. Karp called out "token maxing," where usage inflates without real business impact, and promoted Palantir's steadier, operational AI approach. Meanwhile, Anthropic launched Claude Fable 5 to lower costs and add security features. Analysts like Wedbush reaffirm Palantir's strong position thanks to its integrated software and on-site engineers.

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