Tuesday, October 4, 2011

Royal Bank Takes a Beating From RBC Dexia; Greek Troubles Into Canada

Some Greek contagion, indirectly, to Canada. Royal Bank is taking a beating today, with its shares diving.

Guess who own RBC Dexia?

Amusing is the statement on their web site:

RBC Dexia Investor Services is equally owned by Royal Bank of Canada and Dexia. Recognition of the strong commitment of our parent companies is reflected in our credit ratings: Aa3 (Moody's), AA- (S&P).

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