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Royal Bank of Canada (RBC; French: Banque Royale du Canada) ... [11] and had CA$1.01 trillion of assets under management in 2021. [5] [12] History
Virtual banking first became a possibility in 1996 with the Bank of Montreal's mbanx. mbanx was released at the very beginning of the internet banking revolution in Canada and was the first full-service online bank [26] Also in 1996, RBC started providing banking information online and had the first personal computer banking software released ...
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.
RBC’s $13.5-billion takeover of HSBC’s Canadian division, announced in November 2022, will see it receive around $134 billion in HSBC assets [11] and would increase the 93% share of assets the Big Six have to almost 95%. [10]
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]
According to a ranking produced by Standard & Poor's, in 2017, the Big Five banks of Canada are among the world's 100 largest banks, with TD Bank, RBC, Scotiabank, BMO, and CIBC at 26th, 28th, 45th, 52nd, and 63rd place, respectively. [4] RBC and TD Bank are also on the Financial Stability Board's list of systemically important banks as of 2020 ...
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