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BMO digs deep in mining in ‘transition’ year for bank

Bloomberg BMO Capital Markets’ metals and mining division faced upheaval this year after losing its two veteran co-heads during an already tough time for the resource industry. Its new leaders aim to prove the investment bank remains as strong as ever in the sector. The Bank of Montreal unit is accelerating lending and adding more bankers, including a sales-and-trading team ...

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Trump-Powell battle would span three arenas where everyone loses

Bloomberg Donald Trump says he likes winning. Right now, it’s difficult to count up anything but losers if the president fires Federal Reserve Chairman Jerome Powell. Trump has been discussing whether he can dismiss Powell, Bloomberg News reported, pro-mpting Treasury Secretary Ste-ven Mnuchin to tweet that the president said he doesn’t believe he has the authority to do so. Trump ...

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Mnuchin called top bank execs on market stability

Bloomberg Treasury Secretary Steven Mnuchin called top executives from the six largest US banks over the weekend, he said on Twitter, a move that followed heavy losses in the stock market last week and a partial federal government shutdown. “The CEOs confirmed that they have ample liquidity available for lending to consumer, business markets, and all other market operations,” the ...

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