A Royal Bank of Canada (RBC) sign is seen outside of a branch in Ottawa, Ontario, Canada, May 26, 2016. REUTERS/Chris Wattie/File Photo
The Royal Bank of Canada (RBC) (RY.TO) has agreed to pay a $6 million penalty to settle U.S. charges it violated internal accounting controls, the U.S. Securities and Exchange Commission (SEC) said on Thursday.
RBC, Canada’s largest bank, did not admit or deny the SEC’s findings in the settlement, the regulator said in a statement.
Reporting by Ismail Shakil, editing by David Ljunggren
—
Online:
Reuters news agency contributed to this report, published by ORDO News editors.
Contact us: [email protected]
Our Standards, Terms of Use: Standard Terms And Conditions.
To eliminate any confusion arising from different time zones and daylight saving changes, all times displayed on our platforms are in Coordinated Universal Time (UTC).