Does BNP Paribas own BMO Financial Group?

BNP Paribas has reached an agreement with BMO Financial Group for the sale of 100% of its retail & commercial banking activities in the United States conducted through its subsidiary Bank of the West, Inc. for a total consideration of 16.3 billion US dollars in cash (the "Transaction")

Will BNP Paribas sell bank of the west?

REUTERS/Benoit Tessier Acquire Licensing Rights LONDON, Nov 15 (Reuters) - BNP Paribas (BNPP.PA) is working with advisers to assess a sale of its U.S. arm Bank of the West as it seeks to retreat from the American retail banking market after struggling to compete with larger and better capitalised rivals, sources told Reuters.

What happened to BNP Paribas?

BNP Paribas closed today the sale of its retail & commercial banking activities in the United States conducted through its subsidiary Bank of the West, Inc to BMO Financial Group, as announced January,18 2023.

Where is BNP Paribas logo located?

[1/3]A BNP Paribas logo is seen outside a bank office in Paris, France, August 6, 2018. REUTERS/Regis Duvignau/File Photo Acquire Licensing Rights