The Business Times

Royal Bank of Canada

Banking & Finance

Bank of Canada cuts rates, hails 'good news' on low inflation

RBC said it found roles for nearly 80 per cent of HSBC Canada’s former workforce of 4,500 people.
Banking & Finance

RBC bankers fear layoffs as pledge to keep HSBC staff nears end: sources

RBC’s asset management unit manages about US$470 billion in assets globally. Its wealth management business accounts for about 15 per cent of its overall earnings.
Banking & Finance

RBC’s US global asset management head sees growth in emerging markets, alternative assets

Canada’s biggest bank by market capitalisation, RBC has taken a number of strategic actions, including rejigging its upper ranks and changing its reporting segments, while absorbing HSBC’s 780,000 clients and C$71 billion loan book.
Banking & Finance

Canada’s biggest bank RBC beats profit on smaller bad loan provisions

FILE PHOTO: Bank of Canada Governor Tiff Macklem takes part in a news conference, in Ottawa, Ontario, Canada June 5, 2024. REUTERS/Blair Gable/File Photo
International

Bank of Canada cuts rates again, lowers 2024 growth forecast

Canada central bank’s business outlook indicator rises slightly to -3.2 in the fourth quarter, from -3.5 previously.
Banking & Finance

Bank of Canada cuts rates for first time in four years

Royal Bank of Canada's adjusted profit comes in at C$4.07 billion, or C$2.85 per share, for the three months ended Jan 31.
Banking & Finance

Canada’s RBC beats profit estimates boosted by higher interest income

The banks have said they expect the deal to close in early 2024.
Banking & Finance

Royal Bank of Canada gets nod for C$13.5 billion purchase of HSBC unit

Royal Bank struck the deal to buy HSBC Canada, the country’s seventh-largest bank, for 13.5 billion Canadian dollars last November.
Banking & Finance

RBC’s C$13.5 billion deal for HSBC Canada gets approval from competition body

Deutsche Bank and Citi have admitted to involvement in anti-competitive activity, while HSBC, Morgan Stanley and RBC have not admitted any wrongdoing.
Banking & Finance

HSBC, Citi, Deutsche Bank, Morgan Stanley and RBC traders may have broken competition law, watchdog finds

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