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BMO promotes Alan Tannenbaum to head capital markets division
  + stars: | 2023-10-10 | by ( ) www.reuters.com   time to read: +2 min
A Bank of Montreal (BMO) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. Tannenbaum joined BMO in 2010 and has held multiple leadership roles, most recently leading global investment and corporate banking, where he worked with corporate, government and financial sponsor clients worldwide. Before then, he headed the global corporate finance solutions group, where he was responsible for capital raising activities. CEO Darryl White said Tannenbaum is "well-positioned to capture new growth opportunities" for BMO Capital Markets. Brad Chapin will take over for Tannenbaum as global head, investment and corporate banking on an interim basis, BMO said.
Persons: Chris Wattie, Alan Tannenbaum, Dan Barclay, Tannenbaum, Darryl White, Barclay, White, Brad Chapin, Nivedita Balu, Jonathan Oatis Organizations: of Montreal, BMO, REUTERS, Companies Bank of Montreal, Bank of Montreal, BMO Capital Markets, Lehman Brothers, Thomson Locations: Ottawa , Ontario, Canada, TORONTO, London, New York, Toronto
[1/2] A sign for the Bank of Montreal in Toronto, Ontario, Canada December 13, 2021. Banks typically benefit from higher interest rates but could feel the pressure if they affect loan demand and economic growth. Provision for credit losses (PCL) at BMO came in at C$217 million ($158 million) for the quarter, compared with a recovery of C$99 million a year earlier. Reuters GraphicsProfits at BMO and Scotiabank were also weighed down by the Canadian government's 'Canada Recovery Dividend (CRD)'. BMO recorded C$371 million related to the CRD and Scotiabank C$579 million.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with BMO Financial Group CEO Darryl WhiteBMO Financial Group CEO Darryl White joins 'Squawk Box' to discuss his thoughts on the markets, recession fears, inflation, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBMO Financial Group CEO on recession fears: I'm near-term cautious and medium-term bullishDarryl White, BMO Financial Group CEO, joins 'Squawk Box' to discuss White's thoughts on the markets, what's kept inflation around and if White can explain why market participants believe the Federal Reserve won't get to where it says it will.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBMO Capital Markets CEO on recession fears: I'm near-term cautious and medium-term bullishDarryl White, BMO Capital Markets CEO, joins 'Squawk Box' to discuss White's thoughts on the markets, what's kept inflation around and if White can explain why market participants believe the Federal Reserve won't get to where it says it will.
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