Friday, September 26, 2008

RBC on US Regulators' List in Auction Rate Securities Probe

Bloomberg, Doug Alexander, 26 September 2008Royal Bank of Canada expects an agreement "soon" with the U.S. Securities and Exchange Commission and other regulators on the lender's role in the $330 billion market for failed auction-rate securities. ``We have been in discussions with the SEC and other regulators since April and we hope to reach a conclusion with them soon,'' Chief Executive Officer

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