BMO's loan-loss charges soar
Article Abstract:
Bank of Montreal charges off $800 million in bad loans. Company officials say the total for the year 2001 will exceed $980 million forcing the bank to tighten loan requirements, adjust quicker to economic conditions, and increase their loan-loss provisions.
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
Commercial Banks, Commercial Banking, Sales, profits & dividends, Financial analysis, Company Profile, Bank of Montreal, Loans
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
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TD financed Enron tax shelter
Article Abstract:
Toronto-Dominion Bank (TD) is one of several banks that provided financing which enabled Enron Corp. to operate tax shelters. These shelters allowed Enron to run for several years without being taxed and to inflate its profits.
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2003
United States, Financial management, Public affairs, Taxes, Ethics, Ethical aspects, Tax policy, Gas transmission industry, Enron Corp., Toronto Dominion Bank, ENE, Company financing
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2003
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Subjects list: Banking industry, Canada, Finance
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