Canadian Bank Faces C$70 Mln ABCP Penalty

National Bank of Canada is facing a potential penalty of C$70 million ($66 million) for its role in the asset-backed commercial paper debacle that plagued the commonwealth in 2007.

  • 11 Dec 2009
National Bank of Canada is facing a potential penalty of C$70 million ($66 million) for its role in the asset-backed commercial paper debacle that plagued the commonwealth in 2007. The figure is by far the largest of any other bank, with Bank of Nova Scotia and Canadian Imperial ...

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1 BNP Paribas 15,256 32 17.31
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3 Citi 8,264 22 9.37
4 Lloyds Bank 7,329 24 8.31
5 JP Morgan 6,580 10 7.46

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