RBC's U$40 Million Exposure in NC Real Estate

The Globe and Mail, Tara Perkins, 15 June 2007The Royal Bank of Canada indirectly has $40-million (U.S.) in exposure to a North Carolina real estate development that has been under attack from the state's Attorney-General, a Citigroup Global Markets analyst said in a note Friday.Last week, Attorney-General Roy Cooper announced that he won a court order to stop the venture, which he alleges sold