Royal Bank of Canada (RBC, in French - Banque Royale du Canada) and its subsidiaries operate under the master brand name RBC. RBC is Canada's largest bank as measured by assets and market capitalization, and among the largest banks in the world, based on market capitalization. Total assets: C$825.1 billion (as of October 31, 2012). Net income: C$4.9 billion (2011), C$7.5 billion (2012). Bank's fiscal year ends on October 31st.
Royal Bank of Canada provides personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. The Bank operates in over 50 countries and employs nearly 80,000 people.
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24.05.2012 RBC has been recognized by Retail Banker International as the "Best Retail Bank in North America". Dave McKay, group head, Canadian Banking received the "Retail Banker of the Year" Award. More
18.10.2010 Royal Bank of Canada and BlueBay Asset Management plc today announced that their respective boards have reached an agreement on terms for a recommended acquisition of BlueBay by RBC. More
No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters