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Royal Bank of Canada (RBC)

Royal Bank of Canada (RBC) logoRoyal Bank of Canada (RBC, in French - Banque Royale du Canada) is Canada's largest bank as measured by assets and market capitalization, and among the largest banks in the world, based on market capitalization. The Company and its subsidiaries operate under the master brand name RBC.

RBC provides personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. The Bank operates in over 38 countries and employs nearly 78,000 people. Bank's fiscal year ends on October 31st.

Total assets: C$1.27 trillion (as of March 31, 2018).
Net profit: C$4.9 billion (2011), C$7.5 billion (2012), C$8.34 billion (2013), C$9.0 billion (2014), C$ 8.35 billion (2017).
These ads are not affiliated with Royal Bank of Canada (RBC)
Headquarter Toronto, Canada
Key People David I. McKay (President and CEO)
Company Type Public (TSX:RY, NYSE:RY, SIX: RY)
Head Office 200 Bay Street, Royal Bank Plaza, Toronto, ON, CA, M5J 2J5
Phone (416) 974-5151
Lost or Stolen Cards (24hour): 1-800-769-2511 (Canada), 1-506-864-2275 (Worldwide)
Fax (416) 955-7800
Official Site www.rbc.com Website
SWIFT Code ROYCCAT2
Founded 1864
ID: 1071. Updated: 16.09.2018

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Press Releases
23.01.2015 | RBC (NYSE:RY) to acquire L.A.-based City National Corp. (NYSE:CYN), a premier U.S. private and commercial bank. RBC will pay, on average, approximately US$47.25 in cash and 0.7489 of an RBC common share for each share of City National common stock.
24.05.2012 | RBC has been recognized by Retail Banker International as the "Best Retail Bank in North America". Dave McKay, group head, Canadian Banking received the "Retail Banker of the Year" Award. More
18.10.2010 | Royal Bank of Canada and BlueBay Asset Management plc today announced that their respective boards have reached an agreement on terms for a recommended acquisition of BlueBay by RBC. More
Financial and Banking News
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 Federally chartered banks can facilitate stablecoin payments, issue their own

The Office of the Comptroller of the Currency (OCC) today published a letter clarifying national banks’ and federal savings associations’ authority to participate in independent node verification networks (INVN) and use stablecoins to conduct payment activities and other bank-permissible functions. 04.01.2021 | Source: Office of the Comptroller of the Currency

 Visa and BlockFi to launch Bitcoin rewards credit card

Visa Inc. is partnering with cryptocurrency startup BlockFi to offer a credit card that rewards purchases with Bitcoin rather than airline miles or cash. 02.12.2020 | Source: Bloomberg

 Banks may need political help to survive Big Tech

First there was the financial crisis of 2008. Then years of negative interest rates. Now, banks face what one financial regulator calls the "real game changer." 09.12.2019 | Source: Bloomberg

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