[ad_1] 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. RBC said it injected…
[ad_1] 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 trading platform. In a…
[ad_1] 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 sour. RBC profit fell…
[ad_1] Open this photo in gallery: The exterior of the Royal Canadian Mint in Winnipeg on July 15, 2005.MARIANNE HELM/The Canadian Press U.S. regulators are suing a California company, its chief executive officer and two of its former employees, alleging they participated in a fraudulent scheme to convince customers to cash out their retirement investments…
[ad_1] 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 cent, hampered by rising…
[ad_1] 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 on-site work. In an…
[ad_1] 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 Monday using US$25.5-billion borrowed…
[ad_1] Wet’suwet’en Chiefs Namoks, left, Madeek, centre, and Gisdywa traveled to confront and protest Royal Bank of Canada’s funding of Coastal GasLink pipeline and other fossil fuel investments in Toronto on April 7.Nathan Denette/The Canadian Press An ambitious climate plan to cut emissions and sell cleaner energy to the world “could be the story of…
[ad_1] Royal Bank of Canada’s quarterly profit of $3.9-billion was up 20 per cent year over year but down from the third quarterMark Blinch/Reuters Two major Canadian banks have reported higher fourth-quarter profits and large dividend hikes but still failed to meet Bay Street’s expectations, as narrowing profit margins and lower trading activity led to…
[ad_1] Bank buildings at Toronto’s financial district on Sept. 3, 2020. Fred Lum/The Globe and Mail Canada’s banking regulator will not yet consider lifting restrictions on banks’ dividends and share buybacks introduced at the start of the pandemic, even though the largest lenders continue to amass growing stockpiles of surplus capital. As parts of the…