Royal Bank of Canada
The Royal Bank of Canada (RBC) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. With over 86,000 employees globally, RBC serves more than 16 million clients. Established in 1864 in Halifax, Nova Scotia, the bank operates from its corporate headquarters in Toronto and its official head office in Montreal. RBC is designated as institution number 003. In November 2017, it was recognized as a global systemically important bank by the Financial Stability Board.
RBC’s personal and commercial banking operations in Canada operate under the RBC Royal Bank brand in English and RBC Banque Royale in French, serving approximately 10 million clients through a network of 1,209 branches. In the United States, RBC Bank functions primarily as a provider of cross-border banking services for Canadian travelers and expatriates, having transitioned from operating 439 branches across six Southeastern states. In the Caribbean, RBC operates 127 branches in 17 countries, serving a regional clientele of over 16 million.
RBC Capital Markets is the bank’s global investment and corporate banking division, while RBC Dominion Securities is its investment brokerage arm. RBC also provides investment banking services through RBC Bank, focusing on middle-market clients.
In 2011, the Royal Bank of Canada (RBC) was the largest Canadian company by both revenue and market capitalization. By 2013, it had earned a spot as the 50th largest company globally in the Forbes Global 2000 ranking. RBC operates in Canada and 36 other countries, showcasing its expansive global reach. As of 2021, the bank reported C$1.01 trillion in assets under management, further solidifying its position as a leading financial institution.
Contact Info
- www.rbc.com
- Montreal, Quebec, Canada; Toronto, Ontario, Canada
