RBC Agrees to Buy AG&T

Bloomberg, Sean B. Pasternak, 6 September 2006Royal Bank of Canada, the country's largest lender by assets, agreed to buy American Guaranty & Trust from the National Life Group, adding a trust business to its U.S. asset-management operations. American Guaranty, based in Wilmington, Delaware, has 30 employees and administers more than 1,000 trusts with about $1.3 billion in accounts, Toronto-based