ValueInvestor

Canadian Banks May Be Risk-Averse, But They're Not Immune

Does anyone else think the author looks like Owen Wilson?

Canadian Banks May Be Risk-Averse, But They're Not Immune

One other point, the the Canadian Banks haven't been forced to payback and then write-off the ABCP they sold. Most american, and swiss banks were forced to buy back their structured notes at 100%. Since the frozen ABCP debacle is worth $30 billion CAD, even a 25% write-off between all 5 banks would be substantial and force them raise capital.