Royal Bank of Canada intends to redeem all outstanding 4.18% subordinated debentures due June 1, 2014 for 100% of their principal amount plus accrued interest to the redemption date. The redemption will occur on June 1, the bank said Thursday.There is currently $1 billion principal amount of 4.18% debentures outstanding.The redemption of the debentures will […]
Series AX shares to yield 6.1% annually
The big goodwill impairment charge announced by Royal Bank of Canada won’t affect its ratings or outlook, Moody’s Investors Service said Friday. The bank announced Friday that it would take a US$850 million goodwill impairment charge related to its international banking unit. In Moody’s view, the bank’s U.S. retail banking operation was the primary source […]
Goodwill impairment charge reflects decline in U.S. housing market
Gift to support professorships at the John Molson School of Business
Expected closing date is April 1
Grad students pitch personal virtual online advisor
Shares to be issued at 3% discount from average market price
Bank unveils new preferred share issue
RBC teams up with Planned Lifetime Advocacy Network