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RBC, National Bank report higher profits. What to knowRoyal Bank of Canada and National Bank of Canada were the latest big banks to report earnings on Wednesday. Here is what their reports show.CanadaFeb 28
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Caribbean cruise rewards for top workers: Pinnacle of recognition or ‘carbon bomb’?Bank ‘carbon bomb’ cruises may signal need for mindset shift about employee recognition trips in corporate Canada, to better align corporate values with corporate actions.InvestigationsFeb 7
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RBC customer loses $10,000 after falling victim to bank draft fraudBack in early January, the Vancouver resident was selling a $10,000 luxury watch on Facebook Marketplace. He says he's used the social media platform multiple times without issue.ConsumerJan 30
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Canadians could see changes in banking next year. What to expectThe federal government approved RBC's $13.5-billion takeover of HSBC Canada this month. Here's a look at some of the other changes expected in Canadian banking in 2024MoneyDec 29, 2023
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HSBC expects RBC deal to close in early 2024 after Ottawa’s approvalHSBC says it expects the sale of its Canadian operations to RBC to officially close in early 2024 following the approval of Finance Minister Chrystia Freeland.EconomyDec 22, 2023
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RBC fined $7.5M after Fintrac says bank failed to report suspicious transactionsCanada's financial intelligence agency has levied a $7.5-million penalty against the Royal Bank of Canada, saying the institution failed to report suspicious transactions.CanadaDec 5, 2023
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Blocking HSBC deal would send ‘very bad signal’ to foreign investors: RBC CEOAs big bank earnings continue, RBC and CIBC both reported higher profits in the fourth quarter and hiked their payout to shareholders.MoneyNov 30, 2023
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OSC tribunal approves $8M settlement over RBC accounting practicesThe Ontario Securities Commission has approved an $8-million settlement with Royal Bank of Canada over issues with its tracking of costs related to internal software development.CanadaNov 3, 2023
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Poilievre urges feds to block RBC’s $13.5B takeover of HSBC over competition concernsPierre Poilievre said the loss of British-owned HSBC's Canadian division will exacerbate issues in Canada's banking sector, which he said is already overly concentrated.PoliticsOct 20, 2023
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Younger Canadians are shying away from entrepreneurship, RBC report saysThe decline in the self-employment rate is also being amplified by soaring inflation, strong labour markets and uncertainty caused by the COVID-19 pandemic, the report says.MoneyOct 5, 2023
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