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Royal Bank takes $850-million hit (The Globe and Mail)

admin April 16, 2009 Royal Mail Leave a comment 176 Views

Royal Bank of Canada announced late Thursday that it plans to record a charge of roughly $850-million (U.S.) in the second quarter. Canada’s largest bank said the goodwill impairment charge will hurt its earnings for the quarter, but is a non-cash item that will note affect its capital ratios.

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