... 1998 when the Canadian Finance Ministry rejected merger applications submitted by Royal Bank of Canada and Bank of Montreal (Canada’s largest and third-largest banks), as wellas by Canadian Imperial ... s and Berry Wilson, “The Impact of Consolidation and Safety-Net Support onCanadian, U.S. and U.K. Banks, 1893–1992, Journal of Banking and Finance, 23 (1999), pp. 537–571.tives in Europe and ... banks expand operations in Canada, allow banks and trustcompanies to offer insurance and auto leasing services, make the disclo-sure of service fees clearer and privacy laws stricter, and create...