Royal Bank Of Canada Net Worth is$84.4 B
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Type: Public company
Traded As: RY, RY
Foundation: Halifax Regional Municipality, Nova Scotia, 1864
Location: Toronto, Ontario, Canada Key People: Gordon Nixon CEO, David P. O'Brien Chairperson
Industry: Financial services
Revenue: net income
Assets: {{increase}} C$751.702 billion (F2011)
Num Employees: 68,480 (Full-time equivalent, F2011)
Homepage: [http://www.rbc.com/ rbc.com]
The Royal Bank of Canada (RBC; French: Banque Royale du Canada), RBC Royal Bank or RBC Financial Group is the largest financial institution in Canada, as measured by deposits, revenues, and market capitalization. The bank serves 18 million clients and has 80,100 employees worldwide. The company corporate headquarters are located in Toronto, Ontario. The bank was founded in 1864 in Halifax, Nova Scotia. RBC's Institution Number (or bank number) is 003.
In Canada, the bank is branded as RBC Royal Bank in English and RBC Banque Royale in French and serves approximately ten million clients through its network of 1,209 branches. RBC Bank was the U.S. retail banking subsidiary with 439 branches across six states in the Southeast, which served more than a million customers. RBC also has 127 branches across seventeen countries in the Caribbean, which serve more than 1.6 million clients.RBC Capital Markets is RBC's worldwide investment and corporate banking subsidiary, while the investment brokerage firm is known as RBC Dominion Securities. Investment banking services are also provided through RBC Bank and the focus is on middle market clients.
RBC is listed as the largest Canadian company by revenue and market capitalization by The Globe and Mail and was ranked at number 53 on the 2008 Forbes Global 2000 listing, and currently ranked at 68. The company has operations in Canada, the United States, and 51 other countries.
RBC Royal Bank has carved out a name for itself as a leader in the Caribbean region, especially in the anglophone Caribbean.
RBC had a large retail banking presence in the southeastern United States, marketing itself there as RBC Bank. RBC Bank was headquartered in Raleigh, North Carolina. In June 2011, PNC Financial Services bought RBC Bank from Royal Bank of Canada for $3.45 billion.BB&T Bank had also made a bid.
In the early 2010s, RBC merged with Flag Bank, increasing its presence in Georgia. RBC continued to grow in the southeast after ac

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Royal Bank Of Canada Latest News

Royal Bank appoints new president, Quebec headquarters

Royal Bank of Canada (RBC) on Friday announced the appointment of Nadine Renaud-Tinker as president, Quebec headquarters. She will be taking over the helm from Martin Thibodeau, who has headed the bank in Quebec for the past five years. Thibodeau has been ...
Posted: December 16, 2017, 5:05 am

Canada Household Debt Levels Climb Higher--Update

Royal Bank of Canada economist Josh Nye said that relative to assets and net worth, debt also edged higher but those ratios are much closer to longer run levels. Mr. Nye, though, said households will "remain stuck with high-debt loads, keeping financial ...
Posted: December 14, 2017, 6:54 am

Is Royal Bank of Canada (RY) Stock a Good Value Pick Now?

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn't want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when ...
Posted: December 8, 2017, 5:50 am
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