B of M pins hopes on Harris

Article Abstract:

Harris Bankcorp Inc, a wholly-owned subsidiary of Bank of Montreal has posted a profit of $207 million in 1998. Since it was acquired by Bank of Montreal in 1989, Harris has tripled its branches to 130, tripled its profit to around C$300 million annually and boosted its return on equity from 12.7% to more than 15%. The company has reduced C$80 million from its expenses since 1994, is planning to cut another C$20 million in 1999.

Harris Bankcorp Inc.

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E-brokers look for greener pastures overseas

Article Abstract:

E-brokers like Toronto-Dominion Bank, TD Waterhouse Group Inc., Charles Schwab Corp., E*Trade Group Inc. and DLJ Direct Inc. are now looking outside of North America for on-line trading markets such as Germany, England and Japan.

Canada, Securities Dealers, Investment Banking and Securities Dealing, On-Line Information Services, Telegraph & other communications, Foreign trade, Bsns Videotex Svcs ex Database, Security brokers and dealers, Securities Brokerage, Use of Funds, Banking industry, Planning, Foreign investments, Finance, Stockbrokers, Online services, Internet services, Securities industry, Online information services, Business information services, Charles Schwab Corp., TD Waterhouse Group Inc., SCH, Toronto Dominion Bank, E*TRADE Financial Corp., EGRP, TWE, DLJdirect Inc.

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