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RBC (Royal Bank of Canada) is a diversified financial service company which provides personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis.
Recent Sector News
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Government exit from RBS and Lloyds creates investor opportunity, says Jefferies
A government sale of its stakes in High Street banks RBS (LON:RBS) and Lloyds (LON:LLOY) offers an opportunity for investors, reckons US broker Jefferies.
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Lloyds, RBS upgraded as BarCap assess impact of 're-privatisation'
George Osborne’s Mansion House speech should make interesting listening, if the rash of seemingly well informed press reports prove correct. They suggest the Chancellor’s annual set-piece address to City will be used as the forum to announce the ‘re-privatisation’ of Lloyds Banking Group and Royal Bank of Scotland.
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RBS could be split in two under commission recommendation
The RBS saga took another twist Tuesday as it emerged the state-backed bank could be split in two.
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Co-op Bank boss replaced by man from Mars
The Co-op bank's boss, Barry Tootell, has stepped down after the bank's credit rating was downgraded by Moody's. He will be replaced on an interim basis by one of his direct reports, Rod Bulmer, currently Managing Director, Mars.
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UPDATE: Royal Bank of Scotland lays groundwork for privatisation
Royal Bank of Scotland's restructuring should be "substantially complete" by the middle of next year, CEO Stephen Hester revealed. That opens up the possibility of the government selling some or all of its stake before the next general election.
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Lloyds: Analysts hail strong first quarter
Analysts broadly welcomed Lloyds first quarter numbers, which showed a big rise in profits aided by lower bad debts and the benefits from a heavy cost cutting programme.
