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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 ]
It is dominated by a small number of large banks, with the six largest combining for 93% of the banking assets. [1] The two largest, the Royal Bank of Canada and the Toronto Dominion Bank are among the world's 25 largest banks. [2]
Because of the recent recession, Royal Bank of Canada has now eclipsed Morgan Stanley in terms of market valuation. According to figures compiled by a recent Bloomberg report, investors today are willing to pay about $2.60 for every dollar of book value at a Canadian bank, compared with $1.70 in the United States.
Previously known as Street Capital Bank of Canada. [37] Granted schedule 1 status in December 2016. Commenced operations on 1 February 2017. [38] Rogers Bank: 2013 Toronto: Owned by company Rogers Communications. Royal Bank of Canada: 1864 Montreal: Public company, part of Big Five. [39] Tangerine Bank: 2013 Toronto: Owned by Scotiabank.
For much of the 20th century, Canada's trust companies were controlled by the major banks through interlocking directorates. However, revisions to the Bank Act in 1967 forbade individuals from sitting on a bank and trust company board simultaneously; this had been a recommendation in the 1964 Report of the Royal Commission on Banking and ...
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.
Best RBC Royal Bank Promotions: June 2020. Account. Cash Value of Bonus. Expiration Date. Cross-Border Banking Bundle. $100. Oct. 31. RBC Newcomer Advantage
Royal Bank of Canada: Banking: 52,062 12,265 91,427 Montreal 4 277 ... 1 41 Royal Bank of Canada: Montreal 46.3 9.6 1,040.3 114.9 Banking 2 46 Toronto-Dominion Bank:
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