Market Chatter: Bank of Montreal, RBC Said to Plan Sale of Canadian Payments JV
MT Newswires Live
Aug 15
Bank of Montreal (BMO) and Royal Bank of Canada (RY) have put their joint Canadian payments venture up for sale, in a deal that could value the unit as much as $2 billion, Reuters reported, citing four people familiar with the matter.
The banks did not immediately reply to requests for comment from MT Newswires.
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