| |
| | BANK MERGERS |
 | | Support for the mergers at the time of the survey was 31 per cent, while nine per cent of those polled didn't express an opinion. |
 | | Matthew Barrett, chairman of the Bank of Montreal, said in an interview the banks' message has been drowned out in the highly contentious debate, particularly in Ottawa, on whether a 31-year general ban against bank mergers should be ended. |
 | | The mergers, proposed by Royal Bank with Bank of Montreal and CIBC with Toronto-Dominion Bank, will lead to dramatic cuts in the number of branches and that could ultimately slash their expenses by between $29 billion and $88 billion over 10 years, according to the report by the Vancouver-based conservative think-tank. |
| www.geocities.com /CapitolHill/5202/banks.html (9366 words) |
|