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
Provision for credit losses climbs to $619 million
Royal Bank of Canada will no longer use OBSI for banking complaint resolution, launching its own service instead
Offering to help bank maintain strong capital ratios
Loan losses estimated at $620 billion
ADR Chambers to provide independent appeal process
Royal Bank of Canada today announced a domestic public offering of $200 million of Non-Cumulative, 5 year rate reset Preferred Shares Series AL.The bank will issue eight million Preferred Shares Series AL priced at $25 per share and holders will be entitled to receive non-cumulative quarterly fixed dividend for the initial period ending Feb. 24, […]