RBC Financial Group News

The Arizona Corporation Commission announced fines against RBC Capital Markets Corp.

Canadian takeovers may reach C$100 billion in 2009 as credit markets improve and the financial crisis winds down, said Peter Buzzi , co-head of mergers and acquisitions at RBC Capital Markets.

The Royal Bank of Canada has filed an $8.9-million lawsuit against one of its former employees and members of his family over allegations they orchestrated a complex mortgage fraud scheme that has left the financial institution facing millions in losses for properties with artificially inflated values.

RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, announced two key hires yesterday.

A new office building under construction on Charlotte Street will have RBC and the Workers Compensation Board of Nova Scotia as tenants.

The Federal Reserve Bank of New York named RBC Capital Markets a primary dealer, the second addition this year to its network of securities firms that underwrite the governmenta s debt.

RBC Dexia Investor Services has been selected to provide custody services for Wilson Asset Management's portfolio of investment funds.

Local investors who own common shares in the Royal Bank of Canada , and on record as of July 27, will receive a quarterly dividend of US50 cents per share, payable on August 24.

The new Fort Frances Library Public Library and Technology Centre received another funding boost last week thanks to the Royal Bank of Canada.

Blogs Read Andrew Willis' Streetwise blog regularly to follow up-to-the-minute developments on the day's market-moving news Thursday, July 2, 2009 07:44 AM RBC hires trio in London Andrew Willis I t was a busy Canada Day in London from Royal Bank of Canada, with three executives hired to bolster the investment dealer arm of the country's largest ...

Royal Bank of Canada international operations chief James Westlake said Tuesday the Toronto-based company is in Alabama to stay, and plans to grow through new branches and acquisitions.

A multimillion-dollar lawsuit filed by five Wisconsin school districts over failed investments will reach the courtroom for the first time in August as two financial firms seek its dismissal.

In any other industry at any other time, trying to build an ad campaign around stability would send shudders through marketing mavens.

No country or bank has escaped the global economic turbulence unscathed, but Canada's financial services industry has held up better than most, and it is actively investing in capacity to go after new business.

The Canadian Council of Chief Executives says Mr. Manley will replace long-serving Tom d'Aquino as president and chief executive officer of the organization on Jan.

Even with global stock markets taking a beating and investor confidence on shaky ground, the Securities and Exchange Commission in 2007-2008 saw an increase in the number of securities registered - from 55 in 2006-2007 to 75 for the period under review.

Two years after being acquired by the U.S. unit of Toronto-based Royal Bank of Canada, the local flavor is fading from the company formerly known as Alabama National BanCorp.

Brampton came down with a touch of Olympic fever on Tuesday. Carolyn Chomolok, a 43-year-old Brampton stay-at-home mom, was unveiled by the Royal Bank of Canada as a participant in the Vancouver 2010 Olympic torch relay.

Sitting on a pile of capital and looking to expand, Canadian banks agree on two things: acquisition opportunities abound, and time is on their side.

Some major sponsors of the 2010 Vancouver Winter Olympics are poised to re-evaluate their hospitality plans for the Games because of the unexpected tough economic times.