BANK OF MONTREAL (BMO)

BMO Announces Results of Conversion Privilege of Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 44 (NVCC)

/CNW/ - Bank of Montreal (the "Bank") (TSX: BMO) (NYSE: BMO) today announced that none of its 16 million Non-Cumulative 5-Year Rate Reset Class B Preferred...

Crescent Point bogged down as clean-up trade follows hung deal - Bloomberg (NYSE:CPG)

A syndicate led by BMO and RBC executes a clean-up trade on Crescent Point Energy, reselling stock at a lower price after a failed share sale.

BMO, RBC Lead Crescent Point Clean-Up Trade Following Hung Deal

A syndicate led by Bank of Montreal and Royal Bank of Canada is executing a clean-up trade on shares of Crescent Point Energy Corp., according to people familiar with the matter, after a hung deal last week left the lenders holding onto millions of shares.

Bank of Montreal Enters Oversold Territory (FNGD)

Hung Deal Leaves BMO, RBC-Led Group With Crescent Point Shares

Bank of Montreal, Royal Bank of Canada and others have been left holding millions of Crescent Point Energy Corp. shares after leading a C$500 million ($362 million) equity raise that failed to win widespread institutional investor support, according to people familiar with the matter.

BMO Announces Dividend Rates on Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 44 (NVCC) and Non-Cumulative Floating Rate Class B Preferred Shares, Series 45 (NVCC)

/CNW/ - Further to the announcement by Bank of Montreal (the "Bank") (TSX: BMO) (NYSE: BMO) on October 19, 2023, the Bank today announced the applicable...

Bank of Montreal About To Put More Money In Your Pocket (BMO.CA)

UPDATE 1-Bank of Montreal is exploring sale of RV loan portfolio - Bloomberg News

Bank of Montreal is exploring the sale of a portfolio of recreational vehicle loans, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. The potential sale comes at a time when several banks in North America shed loan portfolios to bolster balance sheets in the face of a 'higher-for-longer' interest rate environment. "We can't comment on specifics of a transaction," a Bank of Montreal spokesperson told Reuters in an emailed statement.

Alphabet Cloud Unit Reports Sales Missing Estimates; Shares Fall

Alphabet Inc. reported revenue and profit from its cloud business that missed analysts’ estimates, raising concerns about the company’s future growth.

Texas Instruments Forecast Signals That Chip Slump Is Persisting

Texas Instruments Inc. gave a disappointing revenue forecast for the current period, indicating that demand remains sluggish for a broad range of electronic components.

Hedge Fund Hunts for Next Australia Lithium Winner on Deal Craze

A veteran Australian hedge fund manager is scoping out shares of potential takeover targets in the domestic lithium sector, betting that the recent flurry of deals will boost valuations.

US Lawmaker Seeks Shein Sanctions Over Use of Banned Cotton

A member of Congress who co-sponsored a law banning products from China’s Xinjiang region is asking a Department of Homeland Security task force to investigate fast-fashion retailer Shein and potentially ban it from the US.

Bank of Montreal is exploring sale of RV loan portfolio - Bloomberg News

Bank of Montreal is exploring the sale of a portfolio of recreational vehicle loans, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. Bank of Montreal did not immediately respond to a Reuters request for comment on the matter. The potential sale comes at a time when several banks in North America shed loan portfolios to bolster balance sheets in the face of a 'higher-for-longer' interest rate environment.

The Last Time US Yields Rose So Much, It Sank the Economy Twice

There’s a good reason why investors are amazed that something hasn’t broken in the economy yet: The last time US government bond yields climbed so far, so fast, the nation plunged into back-to-back recessions.

Argentine Economy Grew Again in August Despite Inflation Spike

Argentina’s economy expanded in August despite a steep currency devaluation that unleashed price spirals not seen in three decades.

Chevron’s Hess Deal Leaves Future of Midstream Firm in Question

Chevron Corp.’s mega deal to acquire Hess Corp has thrown into question the future of Hess Midstream Partners.

Record-High US Credit Card Rates Create Opportunity to Refinance

The spread between rates on US credit cards and personal loans is hovering near the widest on record, implying that consumers could see massive interest savings by transferring their credit card debt.

Pentagon Set to Transfer Army’s Two Iron Dome Units to Israel

The Pentagon is sending Israel the US Army’s two batteries of Iron Dome radar, command posts and interceptors to boost the nation’s air defense.

Trudeau Pipeline Project May Need External Funds for Completion

The Canadian government-owned company expanding the country’s only oil pipeline to the Pacific Ocean may be unable to fund the rest of the project, the government’s auditor general said, just months before the project is scheduled to start operation.

Biden, Saudi Crown Prince Discuss Efforts to Contain Israeli-Hamas Conflict

President Joe Biden told Saudi Crown Prince Mohammed bin Salman about US efforts to prevent the conflict between Hamas and Israel from escalating during a phone call Tuesday, the White House said in a statement.

Maduro Ally Says Venezuelan Opposition Violated Election Deal

A senior Venezuelan official accused the opposition of reporting an “inflated” number of votes in Sunday’s primary, thereby violating a deal that led to US sanctions being eased.

Qualcomm Unveils New PC Chip in Challenge to Apple, Intel

Qualcomm Inc., stepping up its long-running effort to break into the personal computer market, unveiled a new laptop processor designed to outperform rival products from Intel Corp. and Apple Inc.

Evergrande Founder’s Wealth Plunges to New Low as Woes Mount

Hui Ka Yan has already lost his freedom.

Israel Says Navy Stops Hamas Divers From Infiltrating South

Israeli naval forces attacked Hamas divers attempting to enter one of its evacuated southern communities by sea on Tuesday, the army spokesman’s office said.

Bank of Montreal in talks to sell RV loan portfolio - report (NYSE:BMO)

Bank of Montreal is reportedly in talks to sell a portfolio of recreational vehicle loans worth at least $5B as lenders offload assets amidst an uncertain...

Bank of Montreal Is Exploring Sale of RV Loan Portfolio

Bank of Montreal is exploring the sale of a portfolio of recreational vehicle loans, according to people with knowledge of the matter.

Relative Strength Alert For Bank of Montreal (BMO.CA)

BMO Announces Conversion Privilege of $400,000,000 Non-Cumulative 5-year Rate Reset Class B Preferred Shares, Series 44 (NVCC)

/CNW/ - Bank of Montreal (the "Bank") (TSX: BMO) (NYSE: BMO) today announced that it does not intend to exercise its right to redeem the currently outstanding...

UPDATE 1-Scotiabank to cut about 3% of its global workforce

Bank of Nova Scotia will cut about 3% of its global workforce as a part of efforts to streamline operations, Canada's fourth largest bank said on Wednesday. Scotiabank is the latest Canadian bank to cut jobs following Royal Bank of Canada and Bank of Montreal in response to rising costs amid a challenging, high interest rate environment. Scotibank said the layoffs were also a result of its digitization and automation efforts, and changes in customers' day-to-day banking preferences.

BMO Financial Group says Dan Barclay to retire as CEO of capital markets (NYSE:BMO)

BMO Financial Group announces the retirement of CEO Dan Barclay and the appointment of Alan Tannenbaum as his successor.

BMO promotes Alan Tannenbaum to head capital markets division

Bank of Montreal on Tuesday named Alan Tannenbaum as the new head of the bank's capital market division, to replace outgoing CEO Dan Barclay, who is retiring in November. Tannenbaum joined BMO in 2010 and has held multiple leadership roles, most recently leading global investment and corporate banking, where he worked with corporate, government and financial sponsor clients worldwide. Tannenbaum will be challenged with boosting the bank's capital market business, which accounts for roughly a fifth of its overall profit, at a time that deal and IPO activities have slowed amid market turmoil.

BMO promotes Alan Tannenbaum to head capital markets division

Bank of Montreal on Tuesday named Alan Tannenbaum as the new head of the bank's capital market division, to replace outgoing CEO Dan Barclay, who is retiring in November.

BMO Announces Retirement of Dan Barclay, Names Alan Tannenbaum CEO, BMO Capital Markets

/PRNewswire/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) today announced the upcoming retirement of its Chief Executive Officer & Group Head, Capital Markets,...

BMO Announces Retirement of Dan Barclay, Names Alan Tannenbaum CEO, BMO Capital Markets

/CNW/ - BMO Financial Group (TSX:BMO) (NYSE:BMO) today announced the upcoming retirement of its Chief Executive Officer & Group Head, Capital Markets, Dan...

BMO Capital Markets CEO Barclay Retiring, Tannenbaum Taking Role

Bank of Montreal said that Dan Barclay, chief executive officer of BMO Capital Markets, is retiring from the position, to be replaced by the head of global investment and corporate banking, Alan Tannenbaum.

BMO Says Worst of Canada Equity Issue Slump Is Over

A freeze in Canada’s equity capital markets may be thawing, but Bank of Montreal’s head of that business isn’t anticipating a spike in activity any time soon.