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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 ]
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.
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 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.
Acquired by the Royal Bank of Canada. [167] Union Bank of Canada: 1865 1925 Founded as the Union Bank of Lower Canada, the name changed to the Union Bank of Canada in 1886. [168] Merged into the Royal Bank of Canada. [169] Union Bank of Halifax: 1856 1910 Merged into the Royal Bank of Canada. [170] Union Bank of Montreal 1830s 1840s
R. RBC Bank; RBC Capital Markets; RBC Center; RBC Centre; RBC Direct Investing; RBC Dominion Securities; RBC WaterPark Place; RBC Waterside Centre; Royal Bank Building (Toronto)
McKay joined RBC in 1983 as a co-op student in computer programming before moving to the organization's retail banking arm. After completing his master's degree in 1992, he returned to RBC, working in progressively senior roles in Canada and Japan in retail and business banking, group risk management, and corporate banking.
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. [3] Canada's banks have high service levels and investments in technology.