Advocacy Group Opposes RBC Bid for Alabama National

Bloomberg, Joe Schneider, 31 December 2007Royal Bank of Canada's proposed $1.6 billion acquisition of Alabama National BanCorp. was challenged by a New York watchdog group that claims Canada's biggest bank engages in discriminatory lending practices.Fair Finance Watch, a financial advocacy group for poor consumers, said it asked the Federal Reserve Bank of Richmond, Virginia, in a Dec. 28 letter