Posted AT 3:07 AM EST on 15/09/08
RBC shrugs off talk of fire-sale U.S. buys
Suddenly, there's a fire sale among U.S. banks, but Canada's biggest bank isn't biting.
JPMorgan Chase & Co. acquired faltering Bear Stearns & Co. at the steepest of discounts. Lehman Brothers Holdings Inc. is in crisis. And Bank of America appears poised to merge with Merrill Lynch & Co. Inc.
Royal Bank of Canada's name keeps coming up when suitors are mentioned for troubled U.S. investments such as Lehman and Bear Stearns.
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