Loan Losses Spike at BMO's & RBC's US Units

Dow Jones Newswires, 7 November 2007The weak US banking environment is starting to gnaw away at Royal Bank of Canada's and Bank of Montreal's US units, BMO Capital Markets notes after reviewing regulatory statements. Analyst says 3Q income statements show a "relatively material spike in loan losses." BMO's Harris Bank losses 20% up QOQ, RY's Centura sees them double. While not a surprise, added