Friday, November 16, 2007

BMO Takes $320 Million Charge

RBC Capital Markets, 16 November 2007First ImpressionBMO pre-released $345 million pre-tax ($225 million post-tax) in write-downs and losses in its wholesale division related to:� Trading and structured credit-related positions (approximately $170 million pre-tax);� Canadian Asset-Backed Commercial Paper (approximately $135 million pre-tax).� Capital notes in the Links and Parkland structured

0 comments:

Post a Comment

 
Copyright 2010 Insurance Information. All rights reserved.
Themes by Ex Templates Blogger Templates l Home Recordings l Studio Rekaman