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In 1976, RBC completed Royal Bank Plaza, at 200 Bay Street, Toronto, and shifted the majority of its critical head-office functions from Montreal to Toronto. [56] The Royal Bank of Canada presently operates two headquarters, with its corporate headquarters at Royal Bank Plaza and its head office based at Place Ville-Marie. [2]
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.
Merged into the Royal Bank of Canada. [158] Royal Canadian Bank 1864 1876 Merged with the City Bank to form the Consolidated Bank of Canada. [159] St. Stephen's Bank 1836 1910 Merged into the Bank of British North America. [68] [160] Sovereign Bank of Canada 1901 1908 Failed. [161] Stadacona Bank 1874 1879 Failed. [162] Standard Bank of Canada ...
On June 19, 2011, PNC Financial Services agreed to buy RBC Bank USA from Royal Bank of Canada for $3.45 billion. [7] The sale of RBC Bank closed in March 2012. [ 8 ] Upon acquisition, all RBC Bank branches were rebranded as PNC branches and the RBC Bank brand became dormant for US customers.
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.
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]
RBC Centre's anchor tenant is the Royal Bank of Canada. [6] The bank maintains a presence in several other towers in the city's downtown core, including Royal Bank Plaza at Bay Street and Front Street, the Royal Bank Building at 20 King Street West adjacent to Scotia Plaza, RBC WaterPark Place and the building complex at 310, 315, 320 and 330 ...
RBC Dominion Securities was the brand used by Royal Bank of Canada for full service brokerage services, primarily in Canada, and formed part of RBC's Wealth Management and Capital Markets divisions. Today, RBC Dominion Securities is known as RBC Capital Markets [ 1 ] and RBC Wealth Management.