RBC to Pay Fine Over False Disclosure in Warburg Pincus Deal

  • Bank to pay $2.5 million to settle claims in Rural/Metro sale
  • U.S. regulator’s case follows successful shareholder suit

Royal Bank of Canada agreed to pay $2.5 million to settle U.S. Securities and Exchange Commission allegations that its valuation of an ambulance-provider in 2011 was too low, making a Warburg Pincus takeover offer look more attractive.

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