Major BMO Shakeup on Tuesday Feb 23...Rumor's on the street are:
Retail Brokerage business (Nesbitt Burns) to be absorbed by BMO.
Brian Steck, Nesbitt CEO to be replaced. Likely candidate is Jeff Orr of Investment Banking.
Canada Trust to purchase some of the Institut ional Sales and Trading business of Nesbitt Burns.
Shake up in Corporate and Investment Banking
Impacting on Tuesday morning before the bell.