Monday, December 17, 2007

TD Bank Rejects Taking-on Non-Bank ABCP Risks

Financial Post, Duncan Mavin, 17 December 2007Toronto-Dominion Bank chief executive officer Ed Clark slammed claims his bank should bail out Canada's seized-up asset-backed commercial paper market since it could mean taking on risks the bank has been careful to avoid."We are being drawn into an issue that we haven't been involved in and [one where] our relationship is quite peripheral," Mr. Clark

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