Royal Bank of Canada (RBC), Canada's largest lender, has begun layoffs following its $13.5bn acquisition of HSBC's Canadian operations last year, according to two sources familiar with the matter, as ...

Canada’s largest bank says the cuts come amid changes meant to “better position RBC to take advantage of our global scale, simplify how we work and elevate the leaders and talent who will shape our ...

On Friday, RBC Capital provided insights on several companies, including UBER, LYFT, WIX, ZG, and RDFN. The firm’s analyst Brad Erickson highlighted that Tesla (NASDAQ:TSLA)’s move towards robotaxi ...

A historic global trade war, increased European fiscal policy changes, and China's rapid advancement in technology are redefining global investment flows. The U.S. economy is showing signs of weakness ...

RBC boosted CEO Dave McKay's 2024 salary by 60% to C$24.5 million ($17.14 million), including a C$4 million bonus related to the HSBC Canada acquisition, the biggest deal in RBC's history ...

On Wednesday, RBC Capital took action on Canadian National Railway (TSX:CNR:CN) (NYSE: CNI) shares, adjusting its price target to... On Wednesday, RBC Capital took action on Canadian National Railway ...

The changes come ahead of RBC’s investor day scheduled for late March, when it will present its updated strategic growth plan to investors. In August, RBC also separated its personal and ...

It was unclear how many employees were impacted or if layoffs would continue. Sign up here. RBC separated its personal and commercial banking business last summer into two standalone segments and ...

RBC noted McKay's role in guiding the company through the "once-in-a-generation acquisition" of HSBC Canada for C$13.5 billion, as well as his stewardship in bolstering RBC's existing businesses.

Part of the 2024 stock award was a special grant in December valued at $4-million. RBC said Mr. McKay will get the stock in three years if the bank meets what it calls strategic cost and earnings ...

BMO's stock rose 6.4% in 2024, underperforming the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE), opens new tab gain of 18%, while shares of RBC and National Bank rose to nearly 30% each.