Bank of Montreal (Banque de Montréal or BMO Financial Group), is the fourth largest bank in Canada by deposits. With total assets of $412 billion as of October 31, 2010, and 38,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and solutions.
In Canada, the bank operates as BMO Bank of Montreal and has more than 900 branches, serving over 7 million customers. In the United States, clients are served through Harris, a major U.S. Midwest financial services organization with a network of community banks in the Chicago area and wealth management offices across the United States, as well as BMO Capital Markets, our North American investment and corporate banking division.
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06.07.2011 Bank of Montreal has completed the acquisition of Milwaukee-based Marshall & Ilsley Corporation (M&I). M&I Bank is combining with Harris Bank to form BMO Harris Bank N.A., part of BMO Financial Group. More
25.08.2010 For the third quarter ended July 31, 2010, BMO Financial Group reported net income of $669 million. Tier 1 Capital Ratio remains strong, at 13.55%. More
14.08.2009 BMO advises students – be smart about choosing your first credit card. What you should know about credit cards. More
No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters