Another Cdn Bank In Hot Water In The U.S. -- This Time It's Royal Bank of Canada

[wizard]

... a few weeks ago td bank hit the headlines first for being prosecuted in florida for being part of a multimillion dollar scam and also for staying open on martin luther king day ...

... this week royal bank is being prosecuted in new york for being involved in a massive fraud scheme. story HERE ...

... i still maintain that the corrupt canadian banks will eventually be forced out of the u.s. market altogether ...

 

[Bar Sinister]

Umm... What's with the link to Callum Houston?

 

[damngrumpy]

According to a CBC report the bank did discuss the matter with authorities prior
to enacting the program and no one raised any issues. It should be interesting
to see how it comes out. The other thing that puzzles me is mentioning corrupt
Canadian Banks, when the American banks and financial institutions brought
down the greatest fraud ever that nearly destroyed the economy in 2008

 

[The Old Medic]

No Bank, anywhere in the United States of America has been, or can be, prosecuted for staying open on Martin Luther Kind day.

A bank can stay open on any day that it chooses to be open. They COULD choose to be open on Easter Sunday, Christmas, Thanksgiving Day, or any other day, if that is their desire.

The ONLY problem they would run into is in processing monetary transactions, because most of the other banks, and ALL Federal Reserve Banks, would NOT be open.

 

[taxslave]

According to a CBC report the bank did discuss the matter with authorities prior
to enacting the program and no one raised any issues. It should be interesting
to see how it comes out. The other thing that puzzles me is mentioning corrupt
Canadian Banks, when the American banks and financial institutions brought
down the greatest fraud ever that nearly destroyed the economy in 2008

The wiz kid lives in a divergent dimension from the rest of us.

 

[Niflmir]

According to a CBC report the bank did discuss the matter with authorities prior
to enacting the program and no one raised any issues. It should be interesting
to see how it comes out. The other thing that puzzles me is mentioning corrupt
Canadian Banks, when the American banks and financial institutions brought
down the greatest fraud ever that nearly destroyed the economy in 2008

To me, this just looks like the FTC trying to call attention away from the fact that they haven't done anything about the Subprime crisis or the following foreclosure scandals.