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Bank of Montreal


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Corporate Statistics
Bank of Montreal logo
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Bank of Montreal

100 King St. West, 1 First Canadian Place Toronto ON Canada
M5X 1A1


Public NYSE: BMO

"Bank of Montreal is bilingual -- it speaks Canadian and American business. Also known as BMO Financial Group, the company is one of Canada's oldest and biggest banks. Serving individuals, government agencies, and businesses large and small, it has about 1,000 branches that provide deposits, mortgages and loans, life insurance, credit cards, investments, and wealth management services. In the US, it owns Chicago's Harris Bankcorp, which performs similar services through more than 280 branches in Illinois, Indiana, and Wisconsin. Another subsidiary, BMO Capital Markets, offers brokerage and investment banking services mainly in Canada and the US."


[edit] Criticism

  • Allegedly charged RRSP clients undisclosed fees on foreign exchange transactions: "The complaint challenges the bank's practice of charging foreign exchange fees on stock trades and claims the Bank of Montreal intentionally hid and kept it secret from the class members, in breach of the defendants' contractual and fiduciary duties. The suit was filed on behalf of present and former clients who held registered retirement savings plans, registered retirement income funds, and registered education savings plans."

[edit] Subsidiaries and Affiliates

BMO Capital Markets Harris Bankcorp, Inc. Moneris Solutions, Inc. creative writing services

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