royal bank of canada (RY) Key Developments
Royal Bank of Canada Names Paul Tomasic as Head of Healthcare
Jul 22 14
Paul Tomasic, has joined Royal Bank of Canada from Citigroup Inc. He will lead the bank's healthcare investment banking coverage in Europe. Tomasic had been a managing director covering healthcare investment banking for over seven years at Citigroup Inc.
Royal Bank of Canada Declares Final Quarterly Dividend on the Series AT and AV Preferred Shares, Payable on August 22, 2014
Jul 18 14
Royal Bank of Canada announced that from the redemption price of Non-Cumulative 5-Year Rate Reset First Preferred Shares Series AT and AV, the final quarterly dividend of $0.390625 for each of the Series AT and AV shares will be paid in the usual manner on August 22, 2014 to shareholders of record on July 24, 2014. After such dividend payment, the Series AT and Series AV shares will cease to be entitled to dividends.
Talks Between HSBC And RBC Reportedly Failed
Jul 13 14
The talks between HSBC Holdings plc (LSE:HSBA) and Royal Bank of Canada (TSX:RY) to acquire operations of Royal Bank of Canada reportedly failed. Talks reportedly failed since Royal Bank only wanted to sell operational side of the business.
Royal Bank of Canada Declares Initial Dividend on Non-Cumulative First Preferred Shares, Payable on and After August 22, 2014
Jul 9 14
Royal Bank of Canada announced it has declared the initial dividend of $0.2190 per share on the Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series BB, payable on and after August 22, 2014, for the period from June 3, 2014 to, but excluding, August 24, 2014, to shareholders of record at the close of business on July 24, 2014.
RBC Wealth Mulls Acquisitions
Jun 16 14
Royal Bank of Canada (TSX:RY)'s wealth management division is on the lookout for acquisitions to grow its presence in alternative assets, particularly real estate, and beef up U.S. distribution. "On the asset management side, we have a viable organic strategy but relatively small business here compared to worldwide. We would be interested in acquisitions that broadened capability in that business," George Lewis, group head, RBC Wealth Management and RBC Insurance, said. "The alternative space is one where we are intent on increasing our capabilities particularly on the real estate management side," he said at the Reuters Global Wealth Management Summit in New York. The bank will consider acquisitions of as much as CAD 2 billion as it seeks to expand its wealth management unit, but the pace will be measured and careful, Lewis said.