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CWB's $40M Loan Loss Provision Tied to Trucking Collapse
Canadian Western Bank (CWB) reported lower-than-expected fourth-quarter profit, attributing $40 million to loan loss provisions primarily due to the collapse of trucking company Pride Group Holdings Inc., which flooded the market with used trucks, decreasing their value and impacting CWB's loan port...
CWB's $40M Loan Loss Provision Tied to Trucking Collapse
Canadian Western Bank (CWB) reported lower-than-expected fourth-quarter profit, attributing $40 million to loan loss provisions primarily due to the collapse of trucking company Pride Group Holdings Inc., which flooded the market with used trucks, decreasing their value and impacting CWB's loan port...
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