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
Labels:
BMO,
CIBC,
National Bank,
RBC,
Scotiabank,
TD Bank
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