RBC Royal Bank of Canada

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Overview

RBC Royal Bank of Canada is TSX: RY + NYSE: RY + Canada's largest bank by assets + market capitalization + ~17M+ Canadian customers + global operations 30+ countries + HSBC Canada Mar 28 2024 acquisition ~$13.5B CAD [1, ca-cro].

History

1864 — Merchants' Bank of Halifax founded in Halifax, Nova Scotia distinctive Canadian banking heritage.

1901 — Renamed Royal Bank of Canada.

2010 — RBC Mobile banking app launch.

Mar 28 2024 — RBC acquires HSBC Canada operations for ~$13.5B CAD distinctive Canadian banking acquisition.

Ownership & operator

Operating entity: Royal Bank of Canada RBC (Canada's largest bank by assets + market capitalization; TSX: RY + NYSE: RY).

Major shareholders: Canadian + international retail + institutional + foreign investors free float (no major controlling shareholder).

Regulators: OSFI + Bank of Canada + national regulators across 30+ countries.

Technical integration

RBC Mobile app (iOS + Android; ~17M+ Canadian customers) + rbc.com online + RBC branch network across Canada + 30+ countries + RBC Visa + Mastercard cards; Interac (Canadian interoperable payment network) + CA IBAN.

Implementations & partners

Major Canadian banking + payments competitors: [[td-bank-app]] (TD Toronto-Dominion Bank; TSX: TD + NYSE: TD; Canada's #2 bank by assets) + [[scotiabank-ca]] (Scotiabank Bank of Nova Scotia; TSX: BNS + NYSE: BNS; Canada's #3 bank by assets) + [[bmo]] (BMO Bank of Montreal; TSX: BMO + NYSE: BMO; Canada's #4 bank by assets) + [[cibc-app]] (CIBC Canadian Imperial Bank of Commerce; TSX: CM + NYSE: CM; Canada's #5 bank by assets) + [[national-bank-canada]] (National Bank of Canada; TSX: NA; Canada's #6 bank by assets) + [[desjardins]] (Desjardins Group; Canada's largest cooperative financial group + Quebec) + [[tangerine]] (Tangerine Bank; Scotiabank subsidiary Canadian digital bank) + [[simplii-financial]] (Simplii Financial; CIBC subsidiary Canadian digital bank) + [[interac-app]] (Interac Canada's interoperable payment network).

Regulators: OSFI + Bank of Canada + national regulators across 30+ countries.

Status

Active, TSX:RY + NYSE:RY + Canada's largest bank by assets + market capitalization + ~17M+ Canadian customers + global operations 30+ countries + HSBC Canada Mar 28 2024 acquisition ~$13.5B CAD [1, 2].

Sources

1 RBC — official
2 RBC — Wikipedia
ca-cro In-corpus: reports/countries/CA-canada.md

Source

Biography extracted from rbc-royal-bank.md. See matrix.md for standards-support matrix if present.