Home / Royal Mail / (AFX UK Focus) 2009-12-08 17:52 Canada regulators close to ABCP settlement -paper (Interactive Investor)

(AFX UK Focus) 2009-12-08 17:52 Canada regulators close to ABCP settlement -paper (Interactive Investor)

TORONTO, Dec 8 (Reuters) – Canadian regulators are moving closer to a penalty settlement with a group of major banks and brokerages that sold asset-backed commercial paper before the market froze due to the U.S. subprime credit crisis, the Globe and Mail newspaper reported on Tuesday. The Globe named Royal Bank of Canada, Bank of Nova Scotia and National Bank of Canada, as well as Canaccord …

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