BMO settles mortgage bond-related charges for $40 million
The agreement with the Securities and Exchange Commission resolves allegations of employee supervision shortcomings in the bank's capital markets division.
BMO to pay $40.6M over ‘misleading’ mortgage-backed bonds
The bank’s employees spoke about changing the bonds' "cosmetics" to boost sales, the SEC alleged. They included a sliver of higher-interest mortgages into otherwise low-risk offerings, the agency said.
BMO Capital markets settles with SEC over bond desk supervision
BMO Capital Markets agreed to pay more than $40 million to settle U.S. Securities and Exchange Commission charges it failed to properly supervise employees who sold mortgage-backed bonds, the regulator said on Monday.
SEC charges BMO US$40 million for selling 'misleading' mortgage-backed bonds
A regulator in the United States has charged a unit of the Bank of Montreal (BMO) more than US$40 million for selling mortgage-backed bonds that it says offered misleading metrics and did not accurately describe the characteristics of the collateral backing the bonds.
BMO Capital Markets to pay $40M in SEC settlement
Canadian bank's capital markets arm reportedly failed to detect representatives' misleading disclosures involving $3 billion of mortgage-backed "sliver bonds" sold over a multi-year period.
BMO unit to pay $40.7 million in US SEC settlement over misleading bond sales
A unit of Bank of Montreal agreed to pay $40.7 million to settle U.S. Securities and Exchange Commission charges that it failed to supervise employees who misled investors about the attractiveness of mortgage-backed bonds the bank was selling.
BMO agrees to pay US$40 million to settle SEC charges on supervision failure
The U.S. Securities and Exchange Commission says BMO has agreed to pay more than US$40 million to settle charges related to the bank's alleged supervision failure in bond selling.
Dividend-growth stocks to help mitigate market volatility: BMO
BMO Capital Markets sees turbulence picking up in U.S. equities in 2025, and published a list of dividend-growth stocks it ...
Investors are way too focused on the macro and momentum, says BMO's Brian Belski
Brian Belski, BMO Capital Markets chief investment strategist, joins 'Squawk on the Street' to discuss the latest inflation ...
BMO Expands Private Credit Reach Via Deal With Alternative Asset Manager
BMO Financial Group has entered a partnership with alternative asset manager Canal Road Group in a deal that will enable the ...
BMO Expands Support for Local Wildfire Relief Efforts in Los Angeles Area
BMO announced today that it is continuing its support for people and communities affected by the wildfires in the Los Angeles ...
BMO economist sees a notable disconnect emerging in Canada’s real estate market
BMO senior economist Robert Kavcic parses the real estate market and finds Ontario is the problem, ...
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BMO CD Rates: Pros, Cons, and Current Rates
See how we rate banking products to write unbiased product reviews. We compared BMO CDs to the best CD rates and found it's an industry leader because BMO Alto CDs offer some of the best rates for ...
Bank of Montreal's (TSE:BMO) Dividend Will Be Increased To CA$1.59
The board of Bank of Montreal ( TSE:BMO ) has announced that it will be paying its dividend of CA$1.59 on the 26th ...
DuPont shares remain a Top Pick as BMO highlights strategic moves and investor appeal
BMO Capital Markets adjusted its outlook on DuPont shares (NYSE:DD), lowering the price target from $107.00 to $105.00, while continuing to endorse the stock with an Outperform rating. The adjustment ...