Bank of Montreal (BMO)
Foreign banks stockpile HQLA in US branches
Median FBO has 48% of total HQLA in branches, but only 31% of total assets
Canadian Big Five hoard reserves as credit outlook decays
Four of the five largest Canadian lenders saw provisions rise, with BMO the only outlier
Choppy markets, buying spree cause 28% VAR surge at BMO
The bank's VAR spiked for all asset classes bar commodities on the prior quarter
At US G-Sibs, 11 VAR breaches in 2018
The final quarter of 2018 saw a record number of VAR breaches at the biggest US banks
Canadian lenders resilient to oil rout
Just 1.7% of 'Big Five' total loans exposed to energy producers
CIBC the outlier as ‘Big Five’ loan-loss ratios improve
CIBC’s PCL ratio stood at 0.29% at end-July, up from 0.24% the previous quarter
BMO’s loan loss reserves climb
Canadian bank reserves increase C$26 million quarter to quarter
Fed stress tests: foreign banks lag US on capital estimates
On average, IHCs missed the Fed’s estimates of the amount their CET1 ratios would fall in the 2018 test cycle by 213bp, compared with 109bp by US lenders
'Big Five' Canadian banks' loan-loss ratios improve
BMO cuts PCL ratio 10 basis points year-on-year
BMO shrinks loan-loss provisions as US outlook improves
US provisions for credit losses drop from C$110 million to C$44 million year-on-year
Basel floor change boosts Canadian bank capital ratios
CET1 ratios improve between five and 120 basis points quarter-on-quarter at 'Big Five'
People: Ex-Morgan Stanley exec Mendelsohn launches advisory boutique
Veteran equity derivatives banker founds London-based firm Alpima
People: Regan quits Asia CRO role at JP Morgan
US bank loses new regional CRO after just three months; HSBC unifies inflation trading business under Mirfendereski; Min Park replaced at Credit Suisse; forex hires at Bank of Montreal
Bank of Montreal emerging markets straddle delivers returns in rising and falling markets
Returns in both directions
Covered call ETFs bridging the gap between ETFs and structured strategies
Exchange-traded funds that buy call options on the underlying stocks are attracting big inflows in North America
JP Morgan loss highlights lack of risk experts on bank committees
A committed committee?
Risk & Return Canada: CBA slams ‘regulatory risk’
Policy head at Canadian Bankers Association expresses fears about side-effects of regulation; other speakers complain about "alphabet soup" of new rules
Banks hope for CCP capital concessions at Basel meeting
Banks and CCPs are pressing for changes to method of calculating default fund capital
ETFs dominate underlyings in latest SEC registrations
Exchange-traded funds form the basis of a raft of structured products registered with the US regulator in the week ending June 8
Swedish names make appearance in latest SEC structured product filings
Swedish wealth manager Garantum Fondkommissionen and Swedish Export Credit Corporation returned to the US structured products market last week
Wells Fargo offers enhanced protection as resources and energy dominate latest SEC filings
Wells Fargo note offers guaranteed return of 7% plus principal as a raft of energy and natural resource-based reverse convertibles are filed with the SEC
Financials and tourism the latest picks for US structured product underlyings
Of the 91 structured products filed last week with the US Securities and Exchange Commission, more than 40 were reverse convertibles and nine were digitals. Financials and tourism were the most popular underlyings
Food, technology and ETF underlyings feature in latest US structured product filings
New product filings with the SEC show a preference for technology and ETF underlyings, and include a Bank of Montreal reverse convertible based on the stock of Whole Foods Market
Banks offer energy and natural resource exposure in SEC filings
Most of the latest structured products filed with the US Securities and Exchange Commission are linked to shares of companies from the energy and natural resources sector