RBC to pay $35 mln to settle U.S. lawsuit on trading scheme | Business Information & News | Westlaw

RBC to pay $35 mln to settle U.S. lawsuit on trading scheme | Business Information & News | Westlaw

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12/18/14 REUTERS 21:41:27
REUTERS
Copyright © 2014 Thomson Reuters
December 18, 2014
RBC to pay $35 mln to settle U.S. lawsuit on trading scheme
Nate Raymond
NEW YORK (Reuters) - Royal Bank of Canada has agreed to pay $35 million to resolve a lawsuit by the U.S. Commodity Futures Trading Commission that accused it of running an illegal trading scheme to gain lucrative Canadian tax benefits.
The settlement,...
---- Index References ----
Company: ROYAL BANK OF CANADA (THE); ONECHICAGO LLC
News Subject: (Corporate Events (1CR05); Crime (1CR87); Social Issues (1SO05); Legal (1LE33); Fraud (1FR30); Taxation (1TA10); Business Litigation (1BU04); Financial Fraud (1FI18); Business Lawsuits & Settlements (1BU19); Business Management (1BU42))
Industry: (Accounting, Consulting & Legal Services (1AC73))
Region: (Americas (1AM92); New York (1NE72); USA (1US73); North America (1NO39); Canada (1CA33); U.S. Mid-Atlantic Region (1MI18))
Language: EN
Other Indexing: (Aitan Goelman; Mark Blinch; Alvin Hellerstein)
Keywords: banking; securities (MCC:f); (N2:US); (N2:USANY); (N2:AMERS); (N2:USA); (MCCL:OVR); (MCCL:OEC)
Word Count: 402
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