Latest Bank of Montreal News: Finextra Research

Bank of Montreal to lay off 1000 staff

Bank of Montreal is to cut 1000 jobs, representing three per cent of its workforce, and take a restructuring charge of C$135 million as it bids to streamline its back office administrative operations.

01 February 2007

/retail

Barclays hires Heather Campbell to lead IT efficiency drive

The UK's Barclays Bank has appointed Heather Campbell to the newly-created position of chief operating officer (COO) at its chief information office, with responsibility for the bank's IT effectiveness programme.

27 September 2006

/retail

Canadian phishers in pump-and-dump probe

Canadian regulators are investigating a rash of phishing frauds at online brokerages in which raiders used the funds from looted accounts to artificially inflate the price of penny stocks.

29 August 2006

/wholesale

Reuters signs Chinese banks to Dealing 3000 matching service

UK news and information group Reuters has signed four of China's largest banks to its electronic foreign exchange trading system, Dealing 3000.

20 February 2006

/regulation

BMO, iBank tracking risks with SunGard

BMO Financial Group has gone live with SunGard's Adaptiv Credit Risk software in an implementation that spans North America, Europe, and Asia giving access to over 1300 users globally.

03 October 2005

/regulation

BMO rolls out Reveleus Basel II software

Canada's BMO Financial Group is implementing technology from i-flex subsidiary Reveleus to aid compliance with Basel II capital regulations.

26 April 2005

/ai

Harrisdirect offers 'intelligent' FAQs

Harrisdirect, the online brokerage service of Bank of Montreal, has added an automated, natural language query and response facility to its Web site.

06 April 2005

/retail

BMO Bank of Montreal deploys Verint customer analysis software

Canada's BMO Bank of Montreal is implementing New York-based Verint's recording and analysis software, Ultra, across four networked customer contact centres.

17 March 2005

/regulation

State Street signs five Canadian banks for forex confirms

Five Canadian banks - Bank of Montreal, Scotia Capital, CIBC, Royal Bank of Canada and TD Bank Financial Group - have joined State Street's post-trade foreign exchange confirmation matching and settlement tool, Global Trading Support Services.

22 October 2004

/regulation

Bank of Montreal signs for SunGard credit risk management service

Bank of Montreal Financial Group (BMO) is implementing SunGard Trading and Risk Systems' credit risk management system, Adaptiv Credit Risk, on an application service provider (ASP) basis.

18 August 2004

/Sibos

BMO Financial moves to Proponix

BMO Financial group has completed the migration of its trade services business in North America and China to the Proponix pay-per-transaction trade processing platform from American Management Systems (AMS).

10 March 2004

/wholesale

GFI signs four to FX option revaluation fixings service

JP Morgan Chase, Bank of America, Deutsche Bank and Bank of Montreal have signed up to receive GFI Group's FX option revaluation fixings service.

08 December 2003

Latest news