Canadian personal and commercial banking unit performs well
Bank of Montreal has launched a new 5 Year Variable Rate Closed mortgage product that allows customers to take advantage of record low lending rates with the flexibility to lock into a fixed rate closed mortgage at anytime, the bank said Tuesday.“Recently we’ve seen an increase in the number of customers choosing a variable rate […]
RBC and BMO CEOs to forego 2008 mid-term and long-term compensation
Company to operate under BMO Life banner
Canadians have until March 2 to make contributions for the 2008 tax year
Bank encourages contributions by Dec. 31
Offering will further strengthen bank’s capital ratio
BMO Capital Trust II, a closed-end trust wholly owned by Bank of Montreal, will issue $450 million of BMO Tier 1 Notes – Series A due Dec.31, 2107, the bank said Friday.The notes are expected to qualify as Tier 1 capital of the bank for regulatory purposes. The trust intends to file a final prospectus […]
Offering to close Dec. 11
Retail banking profit up 19%