Stay updated with breaking news from Thomasj Petters. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
OTTAWA (dpa-AFX) - BMO Financial Group (BMO, BMO.TO) said that its subsidiary, BMO Harris Bank N.A. intends to pursue all available legal options including appealing the jury verdict and award
TORONTO — BMO Financial Group will record a $1.12-billion provision after a U.S. jury found it liable in relation to a Ponzi scheme alleged to have been facilitated by a bank it bought.
BMO Financial Group says it will record a $1.12-billion provision after a U.S. jury found it liable for a Ponzi scheme alleged to have been facilitated by a bank it bought.
TORONTO - BMO Financial Group will record a $1.12-billion provision after a U.S. jury found it liable in relation to a Ponzi scheme alleged to have been facilitated by a bank it bought.
The Canadian-owned bank vowed to appeal the large verdict, which illustrated the risks that banks take on when they shoulder the liabilities of companies they acquire.