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December 2, 2008 9:36:36 PM CST


Royal Bank of Canada

Royal Bank of Canada news stories

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Fed Pours $200B Into Global Credit Relief Push

Central banks around the world try to ease liquidity problem

(Newser) - The Fed will inject huge quantities of cash into financial markets as part of a coordinated global attack on the credit crisis, Ben Bernanke announced today. The central bank will loan out another $200 billion, this time on a 28-day basis rather than overnight, the AP reports. The effort will coordinate with the European Central Bank and the central banks of Canada, England, and Switzerland. More »

Bahrain Arm Accuses Alcoa of Corruption

US aluminum giant bribed, defrauded, and overcharged, lawsuit alleges

(Newser) - A company controlled by Bahrain's government has filed a lawsuit in US federal court accusing metals giant Alcoa of a host of shady business practices, the Wall Street Journal reports. Pittsburgh-based Alcoa, one of the world's biggest aluminum companies, systematically overcharged Bahrain Aluminum for raw materials and funneled money to corrupt officials during a 15-year conspiracy, the suit charges. More »

More about:  lawsuit corruption bribery corporate governance bribe Alcoa Bahrain Jersey Alcan aluminum Royal Bank of Canada

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