2008 Citi Financial Services Conference

Reuters, 29 January 2008Royal Bank of Canada will write down its exposure to a troubled bond insurer in its first-quarter results, the bank's chief financial officer said on Tuesday.Janice Fukakusa said Royal, Canada's biggest bank, has already revealed it is exposed to one A-rated monoline bond insurer and had taken a provision against this exposure."The current mark-to-market (value of that