The Globe and Mail reports in its Wednesday edition that Laurentian Bank of Canada put itself on the auction block over the summer, but the lender failed to attract a buyer. The Globe's Stefanie Marotta writes that in late September, a multiday system outage prompted the board to oust chief executive officer Rania Llewellyn when the bank was halfway through a three-year turnaround strategy. New CEO Éric Provost, formerly the head of personal and commercial banking, told a banking conference in Toronto on Tuesday that the bank plans to launch a revised turnaround strategy this year to bolster its beleaguered share price. Laurentian's stock was the worst performer among the major banks last year. "Customer centricity, efficiency and simplification, and making sure that we make the right fundamental technology investment in the future, will allow us to revisit some of the structures we have in place," Mr. Provost said.