Bank of Montreal

Banks are refinancing private-credit loans at lower costs, indirectly validating the underwriting practices of private credit firms despite prior criticisms. Deutsche Bank, JPMorgan, Morgan Stanley, Goldman Sachs, and Bank of Montreal are involved in notable deals, while private lenders like Blackstone and Blue Owl face redemptions amid investor concerns over AI-related risks in software company loans.

BMO led a $775 million loan deal for Pellera at a steep discount. The loan was facilitated through a Bank of Montreal branch in Montreal.

Bank of Montreal (BMO) hired Thomas van Arragon, previously of TD, for a domestic business banking role. Canada's finance minister Francois-Philippe Champagne announced a $10 cap on non-sufficient funds (NSF) fees, projected to save Canadians over $600 million annually.

A global bond selloff has deepened due to rising oil prices, spooking investors. The situation is being monitored by financial institutions such as the Bank of Montreal. Rising oil prices are a key factor in the current market instability.

Banks are joining a $1.8 billion debt deal led by Bank of Montreal (BMO) for a Honeywell spinoff. The transaction involves multiple financial institutions collaborating on the financing arrangement.

BMO, Teck Resources, and TC Energy CEOs will advise former Bank of England Governor Mark Carney on U.S. strategy through a new panel. The panel aims to provide corporate insights for navigating cross-border business and policy challenges.

TD and BMO will serve as market makers for a new credit futures contract. Canada is set to release GDP figures on June 30, 2023.