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A Royal Bank of Canada (RBC) sign is seen outside of a branch in Ottawa, Ontario, Canada, May 26, 2016. REUTERS/Chris Wattie/File Photo Acquire Licensing Rights
OTTAWA, Nov 2 (Reuters) – The Royal Bank of Canada (RBC) (RY.TO) has agreed to pay a $6 million penalty to settle U.S. charges it violated internal accounting controls, the U.S. Securities and Exchange Commission (SEC) said on Thursday.
RBC, Canada’s largest bank, did not admit or deny the SEC’s findings in the settlement, the regulator said in a statement.
Reporting by Ismail Shakil, editing by David Ljunggren
Our Standards: The Thomson Reuters Trust Principles.
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