This past year has been interesting for financials. After the recession in 2008, bank rescues and profits led markets to recovery in 2009 as writedowns on bad loans began to slow and lending activity resumed.
BMO has announced the launch of a new guaranteed income product aimed at clients aged 55 and up. The BMO Lifetime Cash Flow product bank deposit backed by BMO and is fully protected against market volatility. The initial deposit (minimum $5,000) provides exposure to a portfolio of BMO Mutual Funds which is rebalanced annually to […]
National Bank Financial has appointed Luc Bertrand, former president and CEO of Montreal Exchange, to the newly created position of vice-chairman. He joins National Bank on February 7 “Luc Bertrand is well respected in the business community having, among other things, consolidated Canada’s international standing in the derivatives market when he was with Montreal Exchange […]
BMO announced three senior executive appointments today, reflecting the focus of BMO on supporting integration and expansion throughout the coming years. First, Tom Flynn has been appointed executive vice-president and chief financial officer, succeeding Russ Robertson. His new position becomes effective March 23, 2011. Previously, Flynn was executive vice-president and chief risk officer, where he […]
This past year has been interesting for financials. After the recession in 2008, bank rescues and profits led markets to recovery in 2009 as writedowns on bad loans began to slow and lending activity resumed.
Katharine B. Stevenson is joining the CIBC Board of Directors. Stevenson’s appointment will begin on January 1, 2011.
BMO Financial Group has announced a massive expansion of its U.S. presence with the $4.1 billion (U.S.) purchase of Milwaukee-based Marshall & Ilsley Corporation, a diversified financial services company.