Open this photo in gallery: A Royal Bank of Canada logo is seen on Bay Street in the heart of the financial district in Toronto.Mark Blinch/Reuters Royal Bank of Canada’s quarterly profit came in well above analysts’ estimates, as it set aside less money than anticipated for soured loans and …
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Open this photo in gallery: Conservative Leader Pierre Poilievre rises during Question Period in the House of Commons on Parliament Hill in Ottawa on Oct. 19. The Competition Bureau greenlit RBC’s takeover of HSBC Canada in September.Justin Tang/The Canadian Press Conservative Leader Pierre Poilievre is calling for the federal government …
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Open this photo in gallery: A sign for the Royal Bank of Canada in Toronto on Dec. 13, 2021.CARLOS OSORIO/Reuters Royal Bank of Canada moved to prop up City National Bank on Friday as its Los Angeles-based subsidiary continues to struggle under the weight of the U.S. regional banking crisis. …
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Open this photo in gallery: A woman walks past a Royal Bank of Canada sign in the financial district in Toronto on Sept. 20, 2022.Alex Lupul/The Canadian Press Royal Bank of Canada RY-T, the country’s largest bank, is no longer blocking investors from buying high-interest cash funds from its discount …
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Open this photo in gallery: A sign for Royal Bank is seen in Toronto in this file photo.CARLOS OSORIO/Reuters Royal Bank of Canada RY-T reported a drop second-quarter profit and missed analysts’ estimates as a worsening economic outlook drives lenders to set aside more money for loans that could turn …
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Two major Canadian banks are once again building reserves to guard against loan defaults as uncertainty mounts about the prospects of an economic downturn, with Royal Bank of Canada CEO Dave McKay warning that “the end of an economic cycle” is getting nearer. RBC’s RY-T third-quarter profit fell 17 per …
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RBC chief executive Dave McKay speaks at the Royal Bank of Canada annual meeting in Toronto on April 6, 2017.Frank Gunn/The Canadian Press The chief executive of Canada’s largest bank is urging employees to return to the office more frequently, and is saying the bank must become more deliberate about …
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Royal Bank of Canada RY-T reported higher second-quarter profit and raised its quarterly dividend as the bank sees risks related to the COVID-19 pandemic receding, which allowed it to claw back hundreds of millions of dollars in loan loss provisions. RBC is the fourth major bank to report earnings for …
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Royal Bank of Canada RY-T is raising base pay by 3 per cent for its lower-paid employees as part of a $200-million spending package that aims to fend off fierce competition for talent by improving salaries and benefits. The unusual increase takes effect on July 1, and applies to all …
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Royal Bank of Canada and Canadian Imperial Bank of Commerce are lining up behind Elon Musk’s US$44-billion takeover of Twitter Inc., with the two Canadian banks putting US$1.15-billion into the lowest-risk loan to the Tesla Inc. chief executive officer. Mr. Musk announced a deal to buy social-media platform Twitter on …
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