Highlights / Bank of Montreal

Economy, International, Society

Bank of Montreal announces major layoffs

The Bank of Montreal announced Tuesday it is eliminating 2300 jobs–about five per cent of its workforce–as part of a major cost-cutting drive. Bloomberg News says the cuts are the largest number in Canada’s banking industry in at least two »

Economy, Society

Canada’s BMO bank falls for scam empties customer’s account $87K

“I think [BMO was] just trying to wear me out, hoping I would just fade away … or die,” says Canadian Bruce Taylor whose bank BMO fell for a scam and emptied his account of $87,500. The Bank of Montreal »