Foreign firms ride merger wave

Article Abstract:

Foreign-owned investment banks are riding the current merger wave in Canada. The country is going through an unprecedented restructuring phase, with 1,232 merger and acquisition deals worth $177.8-billion in 1999 alone, a record in both volume and size of transactions. The trend is likely to continue through 2000.

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Trading scandal hits Nesbitt

Article Abstract:

BMO Nesbitt Burns Inc., which is the investment unit of Bank of Montreal, has been fined $212,000 for trading violations. The case, in which individual traders were not penalized, resulted in a wrongful dismissal lawsuit.

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GMP buys merchant banker EdgeStone

Article Abstract:

Details of GMP Capital Trust's acquisition of EdgeStone Capital Partners are presented. GMP Capital Trust projects cash distribution to rise by 5% in 2006 from the deal.

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