Panama Papers Prompt RBC to Set Up Team to Scour Bank Records

  • Royal Bank CEO says bank hasn't been accused of illegality
  • Investors pressed RBC on ties to tax havens at annual meeting

Panama Papers: British Virgin Islands Under Scrutiny

Royal Bank of Canada set up a team to scour four decades of internal records to see what ties the lender has to the Panamanian law firm at the center of a leak of millions of documents about offshore accounts, Chief Executive Officer David McKay said.

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