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Old Posted Sep 18, 2019, 1:31 PM
Winnipegger Winnipegger is offline
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Join Date: May 2007
Location: Winnipeg
Posts: 426
Quote:
Originally Posted by esquire View Post
BMO had a public meeting yesterday to discuss their departure from their banking hall at Portage and Main. According to CBC they didn't have any answers about what was in store for the building.

https://www.cbc.ca/news/canada/manit...ting-1.5287797

I find it surprising that after all these years, BMO would ditch the most impressive banking hall in western Canada for generic office tower space. There are few companies anywhere in Canada that can boast of occupying such a grand and historic space for such a long time... you'd think that kind of tangible connection would be worth something to BMO, but apparently not.

Back in the 80s when BMO built a beautiful tower to complement the banking hall it seemed like there would be a long future for them there. But first they sold off the tower, and now they're sealing the deal by getting rid of the banking hall.
I think you're overestimating how much the big banks care about anything else other than their bottom line. Unless it has to do with building a new head office in Toronto, Canadian banks seem keen on doing everything possible to protect their profits. Not saying that's a good or bad thing, but we've seen that despite record profits the banks continue to lay off staff, close branches, consolidate, etc. Sure, that's the way of business but it really demonstrates how little banks care about the communities they operate in (other than having the nicest tower on Bay Street of course).
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