History: The First National Bank of Scranton, Pa., Incorporated 1863; Issued by Authority of the Board of Directors
History: The First National Bank of Scranton, Pa., Incorporated 1863; Issued by Authority of the Board of Directors

Author: Pa ). First National Bank (Scranton

Publisher: Palala Press

Published: 2018-02-19

Total Pages: 294

ISBN-13: 9781378108925

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Whom Fortune Favours
Whom Fortune Favours

Author: Laurence B. Mussio

Publisher: McGill-Queen's Press - MQUP

Published: 2020-04-16

Total Pages:

ISBN-13: 0228000696

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The Bank of Montreal is not only Canada's first bank: it has also occupied a prominent place in the pantheon of Canadian nation building. Whom Fortune Favours examines the trajectory of this extraordinary organization across the span of two centuries. The historian Laurence Mussio applies an analytical lens to a financial institution whose strategies fundamentally shaped, and were shaped by, the evolution of a country and a continent. The Bank of Montreal (BMO) represents an extremely rare institution, one that has both endured and adapted to fundamental change. The depth and breadth of the Bank's history offer a unique opportunity to analyze a singular organization over ten generations. As an institution, BMO played a critical part in the destiny of its home city and in the emergence of Canada on an international scene. Crucial to the development of Canadian and North American financial systems, BMO shaped the political economy of banking. Over the last half century, the institution's response to successive economic, technological, demographic, and regulatory shifts illustrates how Canadian and North American finance has adapted to the challenges before it. At its heart, Whom Fortune Favours presents a multifaceted story about the making of contemporary finance. This epic chronicle is the result of a massive research effort incorporating thousands of never-before-released internal documents. Mussio's accessible narrative will appeal to both scholars and executives who seek to understand the origins, development, and present-day implications of one of North America's great institutions.