Canadian Western Bank Delays Financial Results Due to Lawsuit [Video]

Canadian Western Bank Delays Earnings Release, Citing Ongoing Lawsuit

calgary, ‍Alberta – Canadian Western ‍Bank (CWB) announced a delay in the release of its fourth-quarter earnings, citing an ongoing legal matter as the reason.The bank, ⁣which was expected to report its financial results on​ November 28, has not‍ yet set ‍a new date.

The news ⁣sent CWB’s stock price tumbling, with shares closing down [Insert percentage decrease] on Tuesday.

“The delay is due to a pending legal matter that requires our full attention,”​ said a CWB spokesperson⁢ in a statement. “We are committed ⁤to providing a transparent and accurate update to our shareholders quickly.”

The bank declined to provide further details about the nature ⁣of the lawsuit.This delay comes amidst a period of significant change for CWB. In august,⁢ the National Bank of Canada announced its‌ intention to acquire CWB in a deal valued at [Insert deal value]. The ‍acquisition, which is still subject to regulatory approval, is expected to close in the first …