Deal creates new domestic U.S. trust capability for RBC
Royal Bank of Canada today reported that its third-quarter profit rose 20% on strong revenue growth across all business segments.Canada’s largest bank by market capitalization said it earned net income of $1.18 billion, or 90¢ a share, in the three months ended July 31. That is up from $979 million, or 74¢ a share, in […]
Rates to drop by 0.1% to 0.25%
$300 million offering to close July 20
No Limit Account charges flat monthly fee
Amount and timing of any purchases to be determined by the bank
Wealth management, record trading boost results
Shares to yield 4.45%
Bank to pay $7.2 million for incorrect mortgage prepayment charge
RBC Royal Bank is sending refunds totalling $25 million to 250,000 of its GIC clients to correct an error which confused simple with compound interest.Nearly one-third of the bank’s customers will receive refunds of more than $50.“We regret the inconvenience this situation has caused and would like to assure clients that we have resolved this […]