RBC

RBC Appoints Citi's Jurd as New Head of Industrials for Europe

1 day ago

In a significant leadership shift, the Royal Bank of Canada (RBC) has reportedly appointed Citi's Brian Jurd as the new head of its Industrials sector for Europe. This strategic move underscores RBC's ambition to bolster its presence in the global industrials market amid a dynamic economic landscape.

RBC Remains Steadfast on Growth Objectives Despite Ongoing Trade Disruptions

6 days ago

In a bold affirmation of its long-term strategy, Royal Bank of Canada (RBC) has announced that it will continue to pursue its ambitious growth targets, even as global economic conditions remain volatile due to escalating trade conflicts. The commitment comes as various forecasts indicate increased uncertainty in the international market, which poses significant challenges for many financial institutions.

Trump's Tariffs Could Stunt Economic Growth, Warns RBC CEO McKay

29 days ago

In a recent revelation, Dave McKay, the Chief Executive Officer of the Royal Bank of Canada (RBC), has expressed significant concerns regarding the potential adverse effects of former President Donald Trump's tariffs on the U.S. economy. During a conference, McKay voiced his apprehensions about the tariffs implemented under Trump's administration, emphasizing that they could lead to decreased economic growth and increased inflationary pressures.

RBC Shows Robust Performance with Strong Capital Markets and Wealth Management Results

1 month ago

The Royal Bank of Canada (RBC) has reported impressive financial results that defy market expectations, primarily driven by its robust performance in capital markets and wealth management sectors. This accomplishment comes as a significant boost amidst economic uncertainties, showcasing the bank's resilient business model.

RBC Exits Major Climate Group as Canadian Banks Align with Wall Street Trends

2 months ago

In a significant shift within the financial landscape, the Royal Bank of Canada (RBC) has announced its withdrawal from a prominent climate-focused organization. This decision comes as a broader movement among Canadian banks mirrors similar sentiments taking shape amongst major Wall Street financial institutions. The departure of RBC is not isolated but is part of a growing trend that is prompting reevaluation of commitments to environmental sustainability efforts.

Wall Street’s Climate Club: RBC and BMO's Potential Exit Sparks Concerns

3 months ago

Recent reports suggest that major Canadian banks, Royal Bank of Canada (RBC) and Bank of Montreal (BMO), might be contemplating a withdrawal from the exclusive group of financial institutions known as the "climate club." This movement comes amid growing concerns regarding the sustainability and practicality of the stringent climate commitments that have been set forth by these financial powerhouses in alignment with global climate initiatives.

Surge in Banker Bonuses: Canada’s Top Six Lenders Boost Pool by 12%

4 months ago

In a significant development for the financial industry, Canada’s six largest lenders have increased their bonus pools by 12%, showcasing a robust financial performance despite economic uncertainties. This boost adds to the ongoing conversation about remuneration in the banking sector, particularly when juxtaposed against the backdrop of rising living costs and inflation across the country.

Royal Bank of Canada Surpasses Expectations with Strong Revenue Performance

4 months ago

The Royal Bank of Canada (RBC), one of the largest financial institutions in the country, has announced robust financial results that exceeded analyst expectations. The bank's performance in the most recent quarter showcased a remarkable increase in revenue alongside lower provisions for loan losses. These results reflect the institution's resilience in a fluctuating economic climate.

Microsoft and RBC Invest in Pioneering Canadian Carbon Removal Startup

5 months ago

In a significant move towards combating climate change, tech giant Microsoft and the Royal Bank of Canada (RBC) have made a substantial investment in a Canadian startup focused on innovative carbon removal technologies. This partnership highlights the growing importance of sustainable practices among corporate giants and their commitment to reducing greenhouse gas emissions.

UK's Ambitious Housing Target at Risk Due to Labor Shortages, Warns RBC

6 months ago

The United Kingdom's ambitious goal of constructing 1.5 million homes by the end of the decade is under severe threat, according to a recent report from RBC Capital Markets. The analysis points to an acute labor shortage in the construction sector as a primary obstacle that may hinder this target.