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BMO ups Bank of the West cost-savings expectations

BMO ups Bank of the West cost-savings expectations
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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BMO parent sets layoffs, affecting Chicago workforce | Crain's Chicago Business

BMO parent sets layoffs, affecting Chicago workforce | Crain's Chicago Business
chicagobusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagobusiness.com Daily Mail and Mail on Sunday newspapers.

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BMO Harris hops on overdraft fee-cutting bandwagon

The U.S. retail arm of Bank of Montreal plans to reduce the charge from $36 to $15, following the approach taken by M&T Bank and Huntington Bancshares.

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Fifth Third Nabs Exit From Investors' Investigation Fraud Suit

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Fifth Third Nabs Exit From Investors' Investigation Fraud Suit
Law360 (April 27, 2021, 5:30 PM EDT) -- An Illinois federal judge on Tuesday tossed investors' suit claiming Fifth Third Bancorp fraudulently failed to immediately disclose a federal investigation into unauthorized account openings, saying the investors haven't sufficiently pled that the bank's executives intended to deceive them.
The investors' securities fraud claims can't proceed because they don't sufficiently plead that Fifth Third CEO Greg Carmichael and Chief Financial Officer Tayfun Tuzun's public communications intentionally misrepresented or hid risks related to the Consumer Financial Protection Bureau investigation and allegations of wrongdoing against the bank, U.S. District Judge Sara Ellis said.

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