Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Before it’forex ranking franco here, it’s on the Bloomberg Terminal. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. This article is about the Canadian commercial bank.
For the former American subsidiary, see RBC Bank. For the Canadian central bank, see Bank of Canada. Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 16 million clients and has 80,000 employees worldwide. In Canada, the bank’s personal and commercial banking operations are branded as RBC Royal Bank in English and RBC Banque Royale in French and serves approximately ten million clients through its network of 1,209 branches.
In 2011, RBC was the largest Canadian company by revenue and market capitalization. 50 in the 2013 Forbes Global 2000 listing. This article is in a list format that may be better presented using prose. You can help by converting this article to prose, if appropriate. During the 1870s and 1880s, the bank expanded into the other Maritime Provinces. When both the Newfoundland Commercial Bank and Union Bank of Newfoundland collapsed on 10 December 1894, the Merchants Bank expanded to Newfoundland on 31 January 1895. As the bank grew executives changed its name to reflect its growth and western expansion.
In 1935, RBC merged with Crown Savings and Loan Co. RBC installed its first computer in 1961, the first in Canadian banking. In the 1960s, RBC Insurance was created. RBC Insurance is the largest Canadian bank-owned insurance organization, with services to over five million people. It provides life, health, travel, home and auto and reinsurance products as well as creditor and business insurance services. 1882 – Merchants Bank of Halifax opened an office in Bermuda.
1899 – RBC opened an agency in New York City and a branch in Havana. 1903 – RBC bought Banco de Oriente de Santiago de Cuba. By the mid-1920s, RBC had 65 branches in Cuba and is the largest bank in the country. 1904 – RBC bought Banco del Commercio de Havana. 1909 – RBC established a branch in Nassau, Bahamas. 1910 – RBC opened a branch in London and acquired branches in Puerto Rico and Port of Spain, Trinidad as a result of its acquisition of Union Bank of Halifax.