Proposed Merger Of Canada's RBC & Bmo Could Prove A Good FX Match If Approved
BANKS
The prospective merger between Royal Bank of Canada (RBC) and Bank of Montreal (BMo) has been greeted with enthusiasm by observers at both institutions, although it may be some time before the plans become more concrete. If the two banks do join forces, the result will be the second largest bank in North America, and sources say the combination of RBC's strong overseas FX presence along with BMo's US market penetration, could prove a formidable operation.
A source at one of the banks claims that
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