Royal Bank of Canada

News

Royal Bank of Canada Gets Nod for Purchase of HSBC Unit

Canada at the end of last week approved the implementation of a deal to acquire the internal unit of HSBC by Royal Bank of Canada (RBC) for $10.2 billion.

Finance & Economics

Analyst Downgrades Royal Bank of Canada

Royal Bank of Canada (RBC) showed results in the third quarter that exceeded analysts’ expectations and forecasts, but the problems that the financial institution will face in the near future became a reason for one of the experts to downgrade the lender’s shares.

Blockchain & Crypto

Swift to Develop CBDC Connector

After sandbox testing, Swift is preparing to develop a beta version of the new way to connect central bank digital currencies (CBDC) with existing fiat infrastructures

News

RBC Buys Tech Platform OJO Canada

Royal Bank of Canada (RBC) has acquired OJO Canada, a company that develops artificial intelligence-based technologies for the real estate market.

News

RBC Is the First in Canada to Roll Out Swift Go 

The service will enable businesses to send low-value cross-border payments in near real-time

Finance & Economics

Royal Bank of Canada to acquire one of the UK’s largest wealth managers

The transaction is expected to be completed by end of Q3 2022

News

RBC Ventures rolled out money management app and Smart Card for kids

Mydoh gives parents everything they need to make raising money-smart kids easier

News

RBC launches real-time payments to business banking clients

Interac e-Transfer for Business will be available to eligible RBC Express clients

Finance & Economics

Royal Bank of Canada introduced new initiative for Black entrepreneurs

Last summer RBC announced up to $100 million in business loans to Black entrepreneurs

Finance & Economics

RBC, Red Hat and NVIDIA jointly launched AI platform

Red Hat OpenShift and NVIDIA’s DGX AI computing systems power that private cloud system

Society & Lifestyle

RBC to close its branches due to COVID-19 pandemic

These temporary closures will not affect workers’ job security

News

More than of Canadians share banking PIN with close ones

Sharing PIN and password is equal to giving the house key to strangers

Science & Technology

New RBC poll shows how Canadians care about their financial future

More than half are now taking a “whenever I can” approach instead of regularly setting aside savings

Finance & Economics

Canadians have fewer opportunities to generate wealth

India, Hong Kong (SAR) and Australia rounded out the top 6