RBC Royal Bank today announced a realignment of its national customer and sales management structure, which puts senior leaders in closer contact with clients and employees.“Last fall we began a major transformation of our organization to help us become a more client focused company,” says Jim Westlake, head of RBC’s Canadian Personal and Business Clients […]
Royal Bank of Canada announced today that it has reached an agreement to settle its part of the so-called “MegaClaims lawsuit” brought by Enron Corp. against RBC and a number of other financial institutions. The bank says the terms of the agreement reflect RBC’s minor role in the dispute.Under the agreement, RBC will pay Enron […]
CIBC rating upgraded from negative to stable
Sales would satisfy tax obligations of vested performance deferred shares
Bank to repurchase up to 10 million common shares
RBC to sponsor CASH index
Joint venture worth about $770 million
Royal Bank of Canada today reported its second-quarter profit rose 19%, bolstered by strong performance across all business units.The bank said net income for the quarter ended April 30, was $907 million, or $1.37 a share, up from $760 million, or $1.14 per share, in the year-before period.The Canadian personal and business banking unit improved […]
CEO Threadgill to join New Century
Sydney-based subsidiary focuses on mining sector