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Royal boosts loan-loss charges

Article Abstract:

Royal Bank of Canada to increase loan-loss prevision. Company officials announced an increase in the provision for the fourth quarter to off-set the weak economy, mostly effecting corporate credit which has been deteriorating over the last year.

Author: Partridge, John
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
Company Profile

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Royal, BMO take different paths to quarterly profit

Article Abstract:

Consumer and small business banking helped Royal Bank of Canada see a profit in the second quarter of 2001, while investment banking activity drove Bank of Montreal's profit for the same period.

Author: Partridge, John
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
Statistical Data Included, Bank of Montreal

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Subjects list: Banking industry, Commercial banks, Canada, Finance, Royal Bank of Canada, RY
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