Structured product losses weigh on Canadian G-Sibs
CDOs held by RBC lose C$369 million over three months
RBC and TD Bank, Canada’s two global systemically important banks (G-Sibs), disclosed hefty paper losses on holdings of structured securities last quarter.
RBC reported a net C$369 million ($269 million) unrealised loss on a C$7.9 billion portfolio of collateralised debt obligations (CDOs) over the three months to end-April. Over the preceding three months, unrealised losses on these instruments
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