ATB's former head alleges defamation

Article Abstract:

Alberta Treasury Branches' former head, Elmer Leahy, is seeking C$1 million in damages from ATB for alleged defamation. Leahy accuses Edmonton, Alberta-based ATB for defaming him by claiming he engaged in improper lending activities. Leahy claims that the lawsuit filed against him by ATB was a campaign to boost the image of ATB in the eyes of the public and eventually to become a public company. ATB accused Leahy of pocketing an unspecified amount of money in exchange for approving inappropriate loans. Leahy led ATB in mid-1994, and remained its acting superintendent through September 1996.

Comment:

Its former head, Elmer Leahy, is seeking C$1 mil in damages from ATB for alleged defaming him to boost the bank's image

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ATB alleges wide bribery schemes

Article Abstract:

Alberta Treasury Branches, a bank owned by the government, charges its former branch manager in Edmonton, Alberta, Laurent Leroux, and its former head, Elmer Leahy, of alleged involvement in schemes involving bribery. Leroux and Leahy allegedly gave their approval to the issuance of loans to Alberta Bakeries Ltd. in exchange for the receipt of bribes in 1995. The fraud case regarding the loan approval for Alberta Bakeries involved alleged receipt of bribes, the price of which was not revealed, and loans worth C$3.3 million.

Comment:

Charges former branch mgr in Edmonton, Alberta, Leroux, & ex-head, Elmer Leahy, of alleged involvement in bribery schemes

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Oilers' sale assists ATB profit

Article Abstract:

Alberta Treasury Branches in Edmonton of Alberta, Canada, gained C$85.4 million in earnings for the 1997-1998 period. This was due to significantly large loan recoveries from the acquisition of the Edmonton Oilers team by local investors, resulting in an additional $33.4 million in collections over expectations. Alberta Treasury had absorbed $124.3 million in losses from 1996 to 1997. The provincially-owned bank took in $8.73 billion in total deposits for the present fiscal year, versus just $8.41 billion for last year.

Comment:

Had absorbed $124.3 million in losses from 1996 to 1997

Sales, profits & dividends

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