Canadian financial services provider Royal Bank of Canada (RY,RY.TO) agreed Thursday to acquire U.S. private and commercial bank City National Corp. (CYN) in a cash and stock deal valued at about $93.80 per share or a total of $5.4 …
Perhaps he can explain why our stock market was outperforming expectations . . . in ... Because our economy is tied to the global market, it is worth noting that the Royal Bank of Scotland just issued a dire warning to its investors that can …
Royal Bank of Scotland (RBS) has had a horrible year, with its stock falling from 154 to 7.29. But this is the ultimate insult. Their building in London was smashed and invaded by anarchist protesters. As an aside: Apparently protestors …
In an unprecedented move, Royal Bank chairman John Cleghorn has issued a public apology for the stock manipulation scandal embroiling its pension management arm, RT Capital Management. Cleghorn says the actions of some …
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Royal Bank of Canada’s RY shares fell more than 3% on the NYSE following the fourth-quarter fiscal 2016 (ended Oct 31) earnings release. The company recorded net income of C$2.5 billion ($1.9 billion), down nearly 2% from the prior …
Britain's state-rescued Royal Bank of Scotland has picked Amsterdam as a post-Brexit EU base, it said Friday as it rebounded into second-quarter profit. The troubled bank revealed it was preparing its Brexit contingency plan by …
Royal Bank of Scotland (RBS) must sell its Williams & Glyn unit by the end of 2017. That requirement comes from the European Union, which bailed out the bank with £45 billion ($58.5 billion) in emergency funds during the 2007/2008 …
Due to regulatory pressure, Royal Bank of Canada (RY) is contemplating spinning off Global Arbitrage Trading unit. The unit deals in proprietary trading business and operates as a part of RBC Capital Markets. Notably, RBC Capital …
Taxpayer-backed RBS plans to cut 40% of permanent IT staff, or 650 jobs, and 65% of contractors which equate to 230 roles, Unite said in a statement. The regional STOXX 600 index fell 0.1 percent, on track to end the week flat after two …
Aug 15 UK labour union Unite said on Tuesday that Royal Bank of Scotland Group had informed staff of a further 40 percent cut in IT jobs at the bank's London office by 2020. * UK'S UNITE - ROYAL BANK OF SCOTLAND TOLD STAFF …