Toronto (June 3, 2004) -- Royal Bank of Canada said it received a subpoena from the U.S. Securities and Exchange Commission related to the resignation of its former auditor, PricewaterhouseCoopers.

The subpoena related to the audit firm's resignation, the provision of non-audit services and RBC's policies and compliance procedures regarding auditor independence, the company said in a press release announcing its second quarter results. Royal Bank said it is in the process of responding to the subpoena.

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