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 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 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.
BMO's Simeon Siegel: We're seeing problems with multiples, not numbers
Simeon Siegel, retail analyst at BMO Capital Markets, joins CNBC's 'Closing Bell' to discuss outlooks on the retail landscape ...
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 ...
Port Hawkesbury, Canso demand answers from BMO ahead of July closures
Nova Scotia customers of two Bank of Montreal locations will soon need to drive to New Glasgow to do their banking if they ...
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 ...
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BMO sets aside record C$1.5bn for loan losses
Bank of Montreal (BMO) allocated C$1.5 billion (US$1.1 billion) in provisions for credit losses (PCLs) in the three months ending October 2024, the most on record for a single quarter.
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, ...
Bank of Montreal: Strengths And Risks That Need Consideration
Bank of Montreal's robust CET1 ratio and dividend history highlight its financial strength. Find out why BMO stock is a buy ...