Home / Royal Mail / Royal Bank of Canada Will Write Down C$855 Million (Update2) (Bloomberg.com)

Royal Bank of Canada Will Write Down C$855 Million (Update2) (Bloomberg.com)

May 14 (Bloomberg) — Royal Bank of Canada , the country’s largest lender, will take additional writedowns of about C$855 million ($854 million) on its debt investments, the second- biggest writedown taken by a Canadian bank since the credit crisis began last year.

More: continued here

About admin

Check Also

‘End of an era!’ cry devastated customers as ‘brilliant’ family business shuts for good after 70 years

CUSTOMERS of a 70-year-old family business are devastated as the shop has closed its doors …

Leave a Reply

Your email address will not be published. Required fields are marked *