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CWB - Canadian Western Bank News Story

C$24.32 -0.4  -1.5%

Last Trade - 13/08/20

Sector
Financials
Size
Mid Cap
Market Cap £1.23bn
Enterprise Value £3.05bn
Revenue £505.9m
Position in Universe 172nd / 2682

Nine Canadian banks access central bank's liquidity facility-industry group

Tue 31st March, 2020 7:18pm
TORONTO, March 31 (Reuters) - Nine Canadian banks, including
the nation's six biggest lenders, have begun accessing the
central bank's new liquidity facility, the Canadian Bankers
Association said on Tuesday.
    The Standing Term Liquidity Facility, which the Bank of
Canada launched on Monday, allows eligible financial
institutions to borrow from the central bank by pledging
collateral, including mortgages, to fund new lending. 
    Bank of Montreal  BMO.TO , Canadian Western Bank  CWB.TO ,
Canadian Imperial Bank of Commerce  CM.TO , Equitable Bank
 EQB.TO , HSBC Bank Canada  HSBA.L , National Bank of Canada
 NA.TO , Royal Bank of Canada  RY.TO , Bank of Nova Scotia
 BNS.TO  and TD Bank Group  TD.TO  are accessing the facility,
the industry group said.

 (Reporting By Nichola Saminather
Editing by Denny Thomas and Chizu Nomiyama)
 ((Nichola.Saminather@thomsonreuters.com; +1-416-687-7604;))
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