Bank Of Montreal And Harris Bank Reorganize But Deny Merger Rumors
BANKS
A reorganization among senior treasury executives at the Bank of Montreal, Canada's third-biggest chartered bank, and its fully-owned U.S. subsidiary Harris Trust & Savings Bank, stops short of a merger, say officials at both banks. Although the two institutions now share common managers, this is only a step toward a more coordinated effort in North America, official sources say.
The changes funnel all U.S. foreign exchange trading and North American sales responsibilities for both banks to two
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