National Bank Takes $575 Million Charge

Financial Post, Jonathan Ratner, 19 November 2007National Bank�s announcement that it will take a pre-tax charge of $575-million related to its asset backed commercial paper (ABCP) holdings comes on the heels of similar announcements recently by other members of Canada�s Big Six banks. All of them have now made pre-announcements, but National leads the way with the largest gross charge to