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...“The rumours of Chicago’s demise are greatly overexaggerated,” said David Casper, chief executive of Chicago-based BMO Harris, the US arm of the Bank of Montreal....
...BMO already has a sizeable presence in the midwest following the acquisitions of Harris Bankcorp in the 1980s and the takeover of Marshall & Ilsley a decade ago....
...Other players caught up in talk of deal activity include Bank of Montreal (BMO), which is examining strategic options for its $273bn asset management division....
...We maintain Market-Perform on NAS (TP NOK 23.8). The airline's fate hangs by a thread and both surviving the crisis, as well as liquidating are plausible outcomes....
...Notably, Bank of Montreal’s earnings disappointed after it revealed higher losses from soured loans at BMO Harris Bank, based in Chicago....
...• James Dilworth has joined BNP Paribas Investment Partners as global head of sales, a newly created role at the €352bn asset management arm of the French bank....
...“We’re not seeing many of the dividend increases we’d see in the past,” Jack Ablin, chief investment officer of BMO Private Bank, said....
...“High cash flow companies issuing bonds are going to find that investors will be wary of [leveraged buyout] risk,” says Jack Ablin, chief investment officer at Harris Private Bank....
...BMO combined the acquisition with Harris, a banking group it bought in 1984. These deals have helped it become the eighth-largest bank by assets in North America....
...Jack Ablin, chief investment officer at Harris Private Bank says: “Corporate bond investors are mathematically challenged by low interest rates.”...
...Jack Ablin, chief investment officer at Harris Private Bank, said: “Investors believe that the sequester is good news. Any step that improves the budget is incrementally positive for the market.”...
...Jack Ablin, chief investment officer of Harris Private Bank in Chicago, expressed his own view of what needs to happen, more in hope than expectation....
...Jack Ablin, chief investment officer for the Harris Private Bank, said investors had pushed premiums for the 10 largest closed-end funds investing in junk bonds to their highest level since at least 2003...
...“It is the Apple effect, it’s such a dominant performer and had gone up so much,” said Jack Ablin, chief investment officer at Harris Private Bank....
...BMO’s Chicago-based subsidiary, BMO Harris Bank, boosted its deposit market share to 11.6 per cent from 9.5 per cent, overtaking Bank of America as the region’s second-biggest deposit-taker....
...“The operative word about the January effect is January, not February and March,” said Jack Ablin, chief investment officer at Harris Private Bank....
...“In an environment where investors are panicking, their expectations are very low, and this lower bar creates room for surprises,” said Jack Ablin, chief investment officer at Harris Private Bank....
...Most of the increase relates to real-estate lending in the US, where it owns Chicago-based Harris Bank. Scotiabank, the most global of the five, almost trebled its provisions....
...● Martin Harris has joined CQS as head of distribution and service Mr Harris was managing director of UK institutional business at Fidelity International....
...The loan, lead-managed by Mizuho Corporate Bank, Bank of Tokyo Mitsubishi UFJ, Sumitomo Mitsui Bank and Citibank, will give Citigroup sufficient funds to finance its Y1,578bn takeover bid of Japan’s third...
...Jim Raaf, managing director at Harris myCFO, part of BMO Financial Group, says one of the most important decisions faced by entrepreneurs is how to convert part or all of their investment in a business into...
...The first comprises institutionally backed firms, such as: Asset Management Advisors, an affiliate of SunTrust Banks; Harris myCFO, part of BMO Financial Group; and US Trust’s MFO unit....
...About a quarter of Bank of Montreal's earnings come from Harris Bank of Chicago, which it bought in the mid-1980s....
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