RBC.CA is NOT a Royal Bank
site! RBC.COM is.
ROYALBANK.CA and
ROYALBANKOFCANADA.ca Are website of
Royal Bank of Canada (RBC)
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RoyalBankCanada.ca (Banque Royale du Canada
in French) (TSX: RY, NYSE: RY) is Canada's largest company.
The Royal Bank of Canada (in French, Banque Royale du Canada, and
commonly RBC in either language) is the largest financial institution in
Canada, measured by deposits, revenues, and market capitalization. The bank
serves seventeen million clients and has 80,000 employees worldwide. The
company's primary corporate offices are located in Toronto, Ontario, while
it is officially headquartered in Montreal, Quebec. The bank was founded in
1864 in Halifax, Nova Scotia.
It
has over 1,400 branches across Canada, over 70,000 full-and part-time
employees worldwide, and offices in over 34 countries.
Its master brand is RBC and that name is used on all its business
units. In Canada, the bank is branded as RBC Royal Bank, a
combination of its new master brand and its traditional Canadian brand.
Royalbank.ca is it's website.
Examples include RBC Capital Markets, full service investment
brokerage firm RBC Dominion Securities, and
online investment
site RBC
Direct Investing. RBC also has a large retail banking presence in the
southeastern United States, marketing itself there as RBC Centura.
RBC is incorporated in Montreal in its formal headquarters at Place Ville
Marie, but now, all the decisions are made out of Toronto at the Royal Bank
Plaza. RBC ranks number 77 on the Forbes Global 2000 list (2007 edition).
Its market cap fluctuates at around CAD$ 63.7 billion as of October 31,
2006. Currently RBC is the largest financial institution in Canada in both
assets and market capitalization.
RBC now has a large retail banking presence in
the southeastern United States, marketing itself there as RBC Centura. RBC
Centura has unveiled plans for a move of its headquarters to Raleigh. The
bank has recently merged with Flag Bank, increasing its presence in Georgia.
RBC continues to grow in the Southeast after acquiring 39 branches of
AmSouth Bank in Alabama on March 9, 2007 (previously RBC Centura had no
locations in this state).
RBC Centura will soon have an expanded presence in Alabama, Georgia, and
Florida after its acquisition of Alabama National Bancorporation is
complete. Some people including the well known advocacy group "Fair Finance
Watch" (non-profit) are opposed to this merger. Reports of RBC's racially
disproportionate denial of home loans to blacks and Latinos has caused major
concerns. A study of federal mortgage data indicates that RBC denied home
loans to black borrowers 4.4 times more often than whites in 2006.
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