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Royal Bank of Canada (RBC; French: Banque Royale du Canada) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 20 million clients and has more than 100,000 employees worldwide. [ 2 ]
David Ian McKay OOnt (born 1963) is a Canadian banking executive. He is the president and CEO of the Royal Bank of Canada (RBC), one of Canada's largest banks and one of the largest banks in the world by market capitalization. [1]
In 1998, the Bank of Montreal proposed a merger with the Royal Bank of Canada around the same time that CIBC proposed to combine with the Toronto-Dominion Bank. [23] The banks argued that these mergers would enable them to compete globally with other financial institutions. [33] This would have left Canada with only three major national banks.
RBC Bank is the trading name of RBC Bank (Georgia), N.A., the United States–based retail banking division of the Royal Bank of Canada (RBC) which is targeted toward Canadian snowbirds, expatriates, and frequent tourists. Despite its limited reach, RBC Bank is a federally chartered bank, thus its trading name bears "N.A." letters.
Royal Bank shared the wealth with its investors, as well. The bank paid out a dividend of $0.60 per share in late October, up from its previous payout of $0.56. RBC is looking to expand
RBC Capital Markets is a global investment bank providing services in banking, finance, and capital markets to corporations, institutional investors, asset managers, and governments globally. Locations span 58 offices in 14 countries [ 1 ] across North America, the UK, Europe, and the Asia-Pacific region.
The two largest, the Royal Bank of Canada and the Toronto Dominion Bank are among the world's 25 largest banks. [2] It has been considered to be one of the safest and soundest banking systems in the world, and avoided major problems in the Financial crisis of 2007–2008 .
Gordon Melbourne Nixon CM OOnt (born 25 January 1957) was the president, CEO and director of Royal Bank of Canada, from 2001 to 2014. [1] He is chairman of Bell Canada Enterprises, lead director of George Weston Limited, director and chairman of the Nominating, Governance & Sustainability Committee of BlackRock Inc. and is on the advisory committee of KingSett Capital.