Do bank customers have a right to an account? [Investment Executive - News]
Bank Of Montreal (BMO)
Last bank of montreal earnings: 2/25 06:00 am
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Source: Investment Executive - News
This week, the Supreme Court of Canada will decide whether to hear an appeal from a bank customer, who had their accounts closed by their bank — seeking to argue that the consumer protection provisions of banking legislation require banks to provide certain services. Last year, the Ontario Superior Court of Justice ruled against a former customer of Bank of Montreal, Samer Bishay, who asked the court to order the bank to reopen a chequing account that he'd opened at the bank in 2022, but the bank decided to shut down in 2024. According to the court's ruling, in May 2024, BMO notified Bishay that it was terminating its banking relationship with him, citing “information indicating [his] past business or personal activity” did not align with BMO's “risk tolerance.” At trial, while he acknowledged that, under common law, the bank was entitled to terminate the relationship with reasonable notice, he argued that it was required to open a retail deposit account for him under the consu
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News
- Do bank customers have a right to an account? [Advisor.ca (Canada)]Advisor.ca
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- Posthaste: Why Canadians might be doomed to suffer a 'new normal' for oil prices [Yahoo! Finance Canada]Yahoo! Finance Canada
- BMO Awaits Trio of Data Releases Today [Yahoo! Finance]Yahoo! Finance
BMO
Earnings
- 2/25/26 - Beat
BMO
Sec Filings
- 4/20/26 - Form 424B2
- 4/20/26 - Form 424B2
- 4/20/26 - Form 424B2
- BMO's page on the SEC website