Bank responds to client demands for more localized banking capabilities abroad
RBC and BMO CEOs to forego 2008 mid-term and long-term compensation
Five Canadian firms honoured
Expanded role will oversee technology and operations
Royal Bank of Canada is increasing the size of its preferred share offering in response to strong investor demand, the bank said Thursday.On Wednesday, the bank announced a $200 million offering.The bank also granted the underwriters an option to purchase up to an additional 3 million shares at the same offering price of $25 a […]
Issue of 8 million preferred shares expected to close Jan. 29
Shares to yield 6.25% annually
Advocates say the decision of Royal Bank to leave OBSI does not serve the public interest
Royal Bank of Canada intends to redeem all outstanding 3.96% subordinated debentures due Jan. 27, 2014 for 100% of their principal amount plus accrued interest, the bank said Thursday.The redemption will occur on Jan. 27, 2009. There is currently $500 million principal amount of 3.96% debentures outstanding.The redemption will be financed out of the general […]
Shares will qualify as Tier 1 capital