Banks Unable to Roll Over All of Their Own ABCPs

Bloomberg, Sean B. Pasternak, 27 September 2007Canadian banks haven't been able to roll over all of their asset-backed commercial paper amid the global credit crunch, Bank of Montreal Chief Financial Officer Karen Maidment said.``We've seen the rollovers haven't been 100 percent, so there has been some support provided to those,'' said Maidment, speaking at an investor conference today. ``That