Tag Archives: RBC

RBC, TD Bank go on acquisition spree to bolster slowing profit

Posted on October 24, 2012 by Administrator

[courtesy of DelawareOnline.com] Royal Bank of Canada and Toronto- Dominion Bank announced acquisitions from U.S. companies for almost $20 billion in combined assets to bolster profit ahead of an expected slowdown in domestic consumer lending. Royal Bank, the country’s largest … Continue reading →

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RBC said to be close to Dexia venture buyout

Posted on February 24, 2012 by Administrator

[written by John Greenwood, courtesy of financialpost.com] Canada’s biggest bank might be getting even bigger. Dexia SA chief executive Pierre Mariani said he hopes to conclude discussions with Royal Bank of Canada “shortly” regarding the sale of Dexia’s stake in … Continue reading →

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RBC’s Nixon takes pay cut after U.S. bank loss

Posted on February 6, 2012 by Administrator

[reporting by Cameron French; editing by Rob Wilson, courtesy of reuters.com] TORONTO (Reuters) – Royal Bank of Canada (RY.TO: Quote) paid Chief Executive Gordon Nixon C$10.1 million ($10.1 million) last year, an 8.2 percent decrease from 2010 due to a loss taken … Continue reading →

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Banks target expenses to boost bottom line

Posted on February 2, 2012 by Administrator

[written by Grant Robertson, courtesy of globeandmail.com] Austerity has come to the banking sector, as some of the country’s biggest banks take a hard look at their operations for ways to cut back on expenses in an era of historically … Continue reading →

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Scotiabank, CIBC Top Bonus Increases After Record Bank Profits

Posted on December 8, 2011 by Administrator

[written by Doug Alexander and Sean B. Pasternak, courtesy of bloomberg.com] Bank of Nova Scotia and Canadian Imperial Bank of Commerce had the highest jump in incentive pay this year among Canada’s six-biggest banks as record profits for the group led to a … Continue reading →

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