Banks' exposure to telecom loans resurfaces

Article Abstract:

Canadian banks' exposure to telecommunications firms have resurfaced after some recent bankruptcies in the industry. Winstar Communications Inc. and NorthPoint Communications Group Inc., both of which are operating under bankruptcy protection, and Teligent Inc., which is trying to raise funds so it does not have to declare bankruptcy, have borrowed a total of $2-billion (U.S.) in the U.S. syndicated loan market.

Telecommunications, Telegraph & other communications, Specialized Telecom Services, Wired Telecommunications Carriers, Receipt of funds, Telephone Communication, Telecommunications services industry, Telecommunications industry, Online services, Internet services, Teligent Inc., WinStar Communications Inc., TGNT, WCII, NorthPoint Communications Group Inc.

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Royal, BMO reveal telecom loans

Article Abstract:

Bank of Montreal and Royal Bank of Canada have disclosed their lending record in the cable television and telecommunications sectors due to investors concerns over risky exposure. The banks followed the lead of Canadian Imperial Bank of Commerce and Toronto-Dominion Bank.

Bank of Montreal

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Royal hit by problem loans

Article Abstract:

The Royal Bank of Canada has problem loans that forced it to double its loan-loss provisions for corporate lending in the US and consumer lending in Canada.

Financial management, Statistical Data Included

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