US class action raises risk for Royal Bank of Canada and US banks [Wealth Professional (Canada)]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
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Source: Wealth Professional
A US$12bn class action alleging major banks, including Royal Bank of Canada, inflated interest costs on US municipal bonds will proceed after courts refused to halt the case. According to Reuters , the US Supreme Court on Monday declined to hear a bid by Bank of America and seven other major financial institutions to stop American cities from banding together in a US$12bn class action. The justices left in place a lower-court ruling that upheld a judge's decision to certify the lawsuit brought by Baltimore, Philadelphia, San Diego and other cities as a class action, which allows the case to move forward on a class-wide basis. Separately, a United States appeals court refused to dismiss a class action against units of several banks, including Royal Bank of Canada. According to the Financial Post , investors claim the banks held interest rates on certain long-term municipal bonds “intentionally high” to benefit themselves. A court initially granted the group's motion to certi
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RY
Earnings
- 2/26/26 - Beat
RY
Sec Filings
- 4/29/26 - Form 424B2
- 4/29/26 - Form 424B2
- 4/29/26 - Form 424B2
- RY's page on the SEC website