RBC still tight-lipped over details of glitch: Says most accounts accurate as of today

Article Abstract:

The details about a glitch that took place during June first week 2004 at the Royal Bank of Canada (RBC) are concealed by the bank. Ms. Mitchell, an executive vice president, reveals that there is no sabotage, no virus, no hacker, no third-party-vendor issue, it was a programming error during a routine upgrade on one of their core systems.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Usage, Company legal issue, Banks (Finance), Computer programming, Investigations, Technology application

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Hush falls over Street as crisis subsides

Article Abstract:

The massive power failure in North America forced the securities industry to shut down operations in Canada. Securities analysts and traders who work on Bay Street, such as those at Pollitt and Company Inc., decided to stay home during the blackout.

North America, Use of energy, Economic aspects, Energy use, Power failure, Power failures, Pollitt and Company Inc.

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Case highlights pro traders' plight

Article Abstract:

Frank Greco, a former trader at Toronto, Ont.-based Griffiths McBurney and Partners, has been accused of improper receipt of gains from 2001 to 2002. Mr. Greco, who has been targeted for front running, has highlighted the issue of pro trading.

Crimes against, Greco, Frank, Griffiths McBurney & Partners

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