The Basel Committee's approach is too strict on regulated firms, the industry says
The bank is also working on completing its new global headquarters in Toronto
CBDCs risk cutting banks out of their traditional middleman role
Untapped loan-loss provisions provide support alongside stable revenues
The reform addresses concerns regarding retail sales tactics
The changes are tied to members of RBC's group executive committee
CWB and Meridian will continue to offer outside products
Fintech, big tech and crypto may diminish traditional bank role
For some banks, stateside expansion within wealth management is part of the plan
The notes will bear interest of 4.0% annually for the first five years