Earnings: BMO profit soars in 2000

Article Abstract:

The article discusses Bank of Montreal's concentration on higher-return businesses such as personal and commercial banking and wealth management. The bank's focus on these businesses helped it earn a 37% profit increase in fiscal 2000.

Financial management

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BMO sets up $450-million fund for merchant banking ventures

Article Abstract:

Bank of Montreal has lured a six-person management team away from rival CIBC World Markets Inc. Bank of Montreal, which is attempting to expand into U.S. markets, has launched a $450 million merchant banking venture fund.

Sales, profits & dividends, Executive changes & profiles

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Finova creditors stand to get 55 cents on dollar

Article Abstract:

Finova Group Inc.'s creditors, including three Canadian banks, will recover roughly 55 cents on the dollar due to a restructuring deal. The banks are Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce.

Organizational history, All Other Nondepository Credit Intermediation, Finance Leasing, Misc. business credit institutions, Commercial finance companies, Securities, Lease financing, Canadian Imperial Bank of Commerce, Finova Group Inc., Bank of Nova Scotia

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