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On Wednesday, January 24 2021, its apps and platforms crashed during the morning. RBC confirmed there was an "intermittent outage that has since been resolved." [1] On July 22, 2021, Canadians experienced widespread disruption when trying to access their online banking services at RBC. [2]
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.
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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)
The main federal statute for the incorporation and regulation of banks, or chartered banks, is the Bank Act (S.C. 1991, c.46), [20] where Schedules I, II and III of this Act list all banks permitted to operate in Canada under these three distinct categories:
RBC Brewin Dolphin (the trading name for Brewin Dolphin Holdings) is one of the largest British wealth management [3] firms with over 30 offices throughout the UK, Jersey and Ireland, and c. 2,000 employees. [4] It provides investment management and financial planning services to individuals, companies, intermediaries and charities.
CI Direct Trading became one of the first firms to lower the industry standard of trading commission fees, providing them with the reputation of being Canada's low-cost leader. [14] This exact act resulted as a catalyst for trading commission fees being lowered across the entire brokerage industry from major banks to small independent brokers.
A 2020 report on fossil fuel finance by the Sierra Club and Rainforest Action Network found that RBC was the fifth largest funder of fossil fuels in the world, and largest in Canada, investing over US$160 billion on fossil fuel projects since the Paris Agreement in 2015. [61]