Tuesday, March 31, 2009

Canadian Banks Not Rushing to Make US Acquisitions

Bloomberg, Doug Alexander, 1 April 2009Royal Bank of Canada Chief Executive Officer Gordon Nixon says the worst of the financial crisis may be over. �The financial services crisis has stabilized,� Nixon said in an interview yesterday in New York. �The worst is over.� Still, Canada�s biggest lender is in no rush to buy U.S. banks. The Toronto-based bank hasn�t made a U.S. acquisition since its

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