The Bank Of Montreal


Today in the world, banks have become a part of everybody lives. The bank can help us with out personal and financial problems. Without them, our lives feel insecure, and without them, there can be a lot of difficulties. In Canada, there are five major banks; Bank of Montreal, Bank of Nova Scotia, Toronto Dominion Bank, Canadian Imperial Bank of Commerce (CIBC), and Royal Bank of Canada. This essay will mainly discuss the history of , their relationship with the government, international connections and their income.
is the first chartered, and oldest bank in Canada. The bank opened on November 3, 1817. (Canadian Banks And Global Competitiveness, p. 29.) It has six billion dollars, ...

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five hundred employees as part of the deal, because he persuaded the reluctant federal government to approve the mergers in the interest of nationalism. (Canadian Banker, Vol.103, No.1, January, 1996. p.24.) "In 1999, has a record of nine years of consistent earning, and is the major North America bank to record nine consecutive years of reported Return On Equity (ROE) of more than fourteen per cent." (http://www.bmo.com) Today, the president and chief executive officer of is F. Anthony, Comper.
The bank had played an important role in the government. Without a central bank, acted as the government’s bank, a position that demanded a high level of liquidity at all times. (Canadian Banks And Competitiveness, p.33.) In 1843, the bank aided the government in the practical administration of the canal loans, and that is when the bank ties with the government strengthened. (Canadian Banks And Global Competitiveness, p.33.) The Montreal’s municipal finance also became involved ...

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PAPER DETAILS
Added: 10/18/2004 02:40:58 PM
Category: Economics
Type: Premium Paper
Words: 877
Pages: 4

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