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RBC Global Asset Management Inc Announces May Sales Results For RBC Funds, Ph&N Funds And Bluebay Funds
Royal Bank Of Canada Announces NVCC AT1 Limited Recourse Capital Notes Issue
RBC Expects Credit Card Lending To Rebound To Pre-Pandemic Levels- Conf Call
Royal Bank of Canada is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, and the United States. The Company's business segments include Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support. The Company, through its segments, serves various lines of businesses, which include Personal Financial Services, Business Financial Services, Cards and Payment Solutions, and United States Banking, Canadian Wealth Management, United States and International Wealth Management, Global Asset Management, Canadian Insurance, International Insurance, Corporate and Investment Banking, Global Markets and Other.
Royal Bank Plaza 200 Bay Street
Stn Royal Bank
PO Box 1
Kathleen P. Taylor
Independent Chairman of the Board
David I. McKay
President, Chief Executive Officer, Director
Chief Financial Officer
Group Head and Chief Executive Officer - Capital Markets
Chief Human Resource Officer
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By Nichola Saminather, Noor Zainab Hussain and Niket Nishant
Three of Canada's major lenders reported better-than-expected quarterly profits on Thursday, as signs of economic recovery helped them reverse bad debt provisions and their capital markets and wealth management units boomed.
Royal Bank of Canada beat analysts' estimates for quarterly profit on Thursday, driven by strength in its capital markets and wealth management units, and as it released some reserves set aside to cover loan losses.
Bank of Montreal said on Wednesday it is targeting net zero emissions in its lending portfolio by 2050 and will double its sustainable financing commitment to C$300 billion ($237 billion) by 2025, but stressed the need to avoid "abrupt" change.
Russia accused Facebook on Monday of violating citizens' rights by blocking some media outlets' content in the latest standoff between a government and Big Tech.
Royal Bank of Canada (RBC) aims to achieve net-zero emissions across its lending operations by 2050 and has committed C$500 billion ($400.64 billion) toward its sustainable finance target, Canada's top lender said on Thursday.
Royal Bank of Canada executives cautioned on Wednesday that the company's 2021 credit performance hinges on the outlook for government support after its quarterly profit beat estimates on much lower than expected provisions for loan losses.
Royal Bank of Canada and National Bank of Canada beat profit estimates on Wednesday, as lower provisions for credit losses and record earnings from their capital markets units helped them surpass their pre-pandemic performance.
Royal Bank of Canada topped analysts' estimates for first-quarter profit on Wednesday, driven by strength in its capital markets and wealth management units and lower provisions to cover potential loan losses from the COVID-19 pandemic.
* RBC CEO DAVE MCKAY SEES PENT-UP INFLATION FROM EXCESS DEMAND IN THE ECONOMY, BUT DOESN'T EXPECT INTEREST RATES TO RISE IN SHORT TERM
Canadian Imperial Bank of Commerce (CIBC) joined its rivals in reporting a better-than-expected profit for the fourth quarter on Thursday, as it set aside less money to cover potential bad loans arising from the COVID-19 pandemic.
Royal Bank of Canada and National Bank of Canada beat expectations for fourth-quarter profit on Wednesday, as they set aside less capital than analysts had anticipated to cover potential loan losses.
Royal Bank of Canada reported a small rise in quarterly profit that beat analysts' expectations on Wednesday, driven by strength in its capital markets unit and reduced provisions to cover potential loan-losses from the COVID-19 pandemic.
Royal Bank of Canada reported a small rise in fourth-quarter profit on Wednesday, as strong performance in its capital markets unit offset weakness in commercial banking and wealth management.
Royal Bank of Canada's <RY.TO> online banking and retail trading platforms, as well as its telephone support system, have been down since Monday morning, with users receiving error messages attributing the failures to "technical issues."
Royal Bank of Canada's <RY.TO> U.S. wealth management unit has been luring teams managing bigger amounts of assets from much larger rivals, driving a surge in revenue from the new recruits and helping it outperform others in the industry.
Royal Bank of Canada and National Bank of Canada comfortably beat estimates for third-quarter profit on Wednesday as they set aside about half the money analysts had expected to cover bad loans.
Royal Bank of Canada said on Tuesday it reached a mutual agreement to end all sponsorships with and donations to Canada's WE Charity, which has been drawn into controversy surrounding an ethics inquiry into Prime Minister Justin Trudeau.
(This July 6 story corrects to say Canadian Imperial Bank of Commerce has one black board director instead of "none of the top six banks had either a Black CEO or a board member")
Royal Bank of Canada is committing C$150 million ($111 million) to racial diversity initiatives and aims to increase the proportion of non-white executives to 30% from 20%, Canada's biggest lender said on Monday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.