Royal Bank of Canada

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

RBC employs more than 96,000 people globally.

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.

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.

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

“We are increasingly confident that the ingredients to bring inflation back to target are in place,” Bank of Canada governor Tiff Macklem told reporters.

Bank of Canada cuts rates again, lowers 2024 growth forecast

The Bank of Canada joins Sweden’s Riksbank and the Swiss National Bank in bringing down rates that have burdened households and businesses alike, and muted economic growth.

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.

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

HSBC says it is working with RBC to progress the deal, which it expects to close in the first quarter of 2024.

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.

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

The Competition and Markets Authority alleges each bank unlawfully shared information by participating in one or more one-to-one conversations in Bloomberg chatrooms between a small number of traders at varying times, between 2009 and 2013.

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