As Banks Rush Into China, BMO’s CEO Still Favors U.S. for Growth
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Bank of Montreal Chief Executive Officer Darryl White says he still favors the U.S. for expansion over China, even with some of the world’s biggest lenders clamoring to expand in Asia’s biggest economy.
“For now our position with respect to China is, we like what we’ve got,” White, 48, said Monday in a TV interview with BNN Bloomberg. “Our marginal investment dollar has tended to be to the United States in terms of our growth dollar, because we can see a clearer return in the near term.”