Royal Bank Of Canada

Shopping on line can be easy, simple and save you lots of money. It can also take a lot of your time, frustrate you, and result in unwanted purchases. Now the same can be said for regular high street shopping, but with the vast opportunity presented by the Internet it will pay you to spend a few minutes reading this and understanding how to better optimize your Royal Bank Of Canada shopping experience:

1. Compare - without doubt the biggest advantage that the Royal Bank Of Canada offers shoppers today is the ability to compare thousands of Royal Bank Of Canada at a time. This is a great thing, but not necessarily all the time! Too much can be daunting at times so take advantage of the great comparison sites and where possible let them do the hard work for you.

2. Research - if it has been said it will be on the internet. Ignorance is no longer a justifiable reason for buying the wrong thing. Take the time to research in detail everything that you could possible want to know about

3. Testimonials - don't know anybody that has bought a Royal Bank Of Canada? Wrong! If the Royal Bank Of Canada is good the internet will let you know. Use the Internet as a friend and get testimonials before you buy.

4. Questions - Got a question about Royal Bank Of Canada then search the Forums, FAQ's, Blogs etc. Don't be afraid to ask .....

5. Reputation - Never heard of the company selling Royal Bank Of Canada? Don't worry, no reason why you should know every company in the world, but you know someone that does! Use the internet to find out what people are saying about Royal Bank Of Canada and build up a picture of their reputation for sales, returns, customer service, delivery etc.

6. Returns - still worried that even after all of the above your Royal Bank Of Canada wont be what you want? Check out the returns policy. There is so much competition now that someone, somewhere is bound to offer the terms that you are comfortable with.

7. Feedback - happy with your Royal Bank Of Canada then let people know, after all you are depending on others people input in your buying decision, so why not give a little back.

8. Security - check for the yellow padlock on the Royal Bank Of Canada site before you buy, and the s after http:/ /i.e. https:// = a secure site

9. Contact - got a question about Royal Bank Of Canada, or want to leave a comment then check out the sites contact page. Reputable companies have them and respond.

10. Payment - ready to pay for your Royal Bank Of Canada, then use your credit card or PayPal! Be aware of companies that don't accept them, there may be genuine reasons but given the huge amount of choice you have when buying online there is no reason at all not to buy via credit card or PayPal.

{{Infobox_Company | company_name = Royal Bank of Canada
Banque Royale du Canada | company_logo = ] | company_type = [Public company ({{tsx|RY-->, {{nyse|RY-->)| foundation = Halifax Regional Municipality, Nova Scotia , [ | location = [Montreal, [Canada and [Toronto, [Canada | key_people = [Gordon Nixon - President & CEO | industry = [Financial services | products = Financial services | revenue = {{profit--> 20.6 billion (2006) | num_employees = 60,858 (full time equivalent) | homepage = http://www.rbcroyalbank.com/ -->The Royal Bank of Canada (Banque Royale du Canada in French) (, ) is Canada's largest company. It has over 1,400 branch (banking) across Canada, over 70,000 full-and part-time employees worldwide, and offices in over 34 countries.

Its master brand is now RBC and that name is used on all its business units, which are collectively known as RBC Financial Group. In Canada, the bank is branded as RBC Royal Bank, a combination of its new master brand and its traditional Canadian brand. Examples include RBC Capital Markets, full service investment brokerage firm RBC Dominion Securities, and online investment site RBC Direct Investing. RBC also has a large retail banking presence in the southeastern United States, marketing itself there as RBC Centura.

RBC is incorporated in Montreal in its formal headquarters at Place Ville Marie, but now, all the decisions are made out of Toronto at the Royal Bank Plaza. RBC ranks number 77 on the Forbes Global 2000 list ( 2007 edition). Its market cap fluctuates at around Canadian dollar 63.7 billion as of October 31, 2006.

Timeline

1864 - Merchants Bank founded in Halifax Regional Municipality, Nova Scotia
1869 - Changed named to Merchants' Bank of Halifax
1869 - Federal charter received
1870 - 1880s - Expansion in Maritimes
1901 - Name changed to Royal Bank of Canada (RBC)
1907 - Head Office moved from Halifax to Montreal
1910 - Merged with Union Bank of Halifax
1912 - Merged with Traders Bank of Canada
1917 - Merged with Quebec Bank
1918 - Merged with Northern Crown Bank
1925 - Merged with Union Bank of Canada
1993 - Merged with Royal Trust
2000 - Merged merchant credit/debit card acquiring business with BMO Bank of Montreal's to form Moneris Solutions
2006 - Created Institutional Investment Joint Venture with Dexia. It is a 50/50 Partnership called RBC Dexia Investor Services.

International timeline RBC has carved out a name for itself as a leader in the Caribbean region. RBC Royal Bank maintains a profitable base from its Caribbean operations, and has retained high brand recognition among its other top competitors. RBC is especially known in the anglophone Caribbean for its various personal and business banking services in retailing, loans, and credit offerings.

1882 - Bermuda office opens
1899 - RBC opens an agency in New York and a branch in Havana.
1903 - Buys Banco de Oriente de Santiago de Cuba. By the mid-1920s, RBC has 65 branches in Cuba and is the largest bank in the country.
1904 - Buys Banco del Commercio de Havana.
1907 - Opens a branch in San Juan, Puerto Rico; branches in Mayagüez, Puerto Rico and Ponce, Puerto Rico follow.
1909 - RBC established a branch in Nassau, Bahamas.
1910 - Opens a branch in London and acquires a branch in Trinidad as a result of its acquisition of Union Bank of Halifax.
1911 - Opens branches in Jamaica and Barbados.
1912 - Opens a branch in British Honduras and another in the Dominican Republic; three more follow
1913 - Opens a branch in Grenada
1914 - Opens a branch in British Guiana. Buys out Bank of British Guiana and Bank of Honduras.
1915 - Opens branches in Costa Rica, Antigua, Dominica, and St. Kitts
1916 - Opens a branch in Venezuela
1917 - Opens branches in Nevis, Montserrat, and Tobago
1918 - Opens a branch in Barcelona, and another in Vladivostok that lasts less than a year.
1919 - Opens branches in Brazil, Argentina, Uruguay, Paris, Martinique, Guadaloupe, and Port-au-Prince, Haiti
1920 - Opens a branch in Colombia and St. Lucia
1925 - Opens a branch in Peru, and acquires the American-owned, and failed, Bank of Central and South America. The purchase of BCSA brings with it subsidiaries, and their branches, in Colombia, Costa Rica, Peru, and Venezuela
1940 - Branches in Martinique and Guadaloupe close
1960 - The Castro regime acquires the RBC's operations in Cuba
1970s - As a result of Law 75, RBC's operations in Colombia become Banco Royal Colombiano.
1980 - RBC purchases Banco de San Juan in Puerto Rico, adding its 14 branches to the six that RBC already has in Puerto Rico. RBC sells to Republic Bank, Trinidad and Tobaggo Limited., its assets in Grenada.
1985 - RBC starts to withdraw from much of the Caribbean. It sells its 12 branches in the Dominican Republic to Banco de Comercio Dominicano. It also sells its stake in Royal Bank (Jamaica) to Jamaica Mutual Life Assurance. Furthermore, the Government of Guyana nationalizes its operations there and renames the bank the Republic Bank, Trinidad and Tobago Limited , , Additionally RBC incorporates its operations in Trinidad and Tobago locally, floating the shares, thereby divesting itself of ownership. The new bank takes the name Royal Bank of Trinidad and Tobago (RBTT).
1986 - RBC sells its two branches in Haiti to Societe Generale Haitienne de Banque, a local bank.
1993 - RBC sells Royal Bank of Puerto Rico to Spain's Banco Bilbao Vizcaya Argentaria.
1995 - RBC sold Royal Trust Bank (Austria) to Anglo Irish Bank, which renamed it Anglo Irish Bank (Austria).
2001 - RBC acquires Centura bank based in Rocky Mount, North Carolina.
2006 - RBC upgraded its representative Office in Beijing, China to a branch.
2007 - RBC announces its acquisition of RBTT, after withdrawing from Trinidad and Tobago 20 years earlier.

RBC now has a large retail banking presence in the southeastern United States, marketing itself there as RBC Centura. RBC Centura has unveiled plans for a move of its headquarters to Raleigh, North Carolina. The bank has recently merged with Flag Bank, increasing its presence in Georgia. RBC continues to grow in the Southeast after acquiring 39 branches of AmSouth Bank in Alabama on March 09, 2007 (previously RBC Centura had no locations in this state)http://www.rbccentura.com/about/news/030907_amsouth.html.

RBC Centura experienced fraud problems in 1994 related to mortgages that were made to fictitious people and/or inflated appraisals. The estimated loss was $29,000,000.http://www.bizjournals.com/triangle/stories/2004/08/16/story3.htmlThe Carolina Hurricanes and NC State NC State Wolfpack play in the RBC Center in Raleigh.

Competition Main competitors are Citigroup, Credit Suisse, Credit Agricole, BNP Paribas, Bank of America, Wells Fargo Bank, Royal Bank of Scotland, Deutsche Bank, Goldman Sachs, HSBC, ING, JP Morgan, Dresdner Kleinwort, Natixis, Lehman Brothers, Morgan Stanley, Merrill Lynch, Wachovia, and SunTrust among others. Major Canadian competitors in personal markets include TD Canada Trust, Bank of Montreal, CIBC, Bank of Nova Scotia, and some Credit unions of Canada.

Logo The bank's symbol is a golden lion clutching a globe, on a blue background. An older version had a crown above the globe and had the lion facing to the left rather than the right. The change coincided with an expansion in United States markets.

Corporate governance Edson Loy Pease (1856-1930), a Quebec native, was a chief executive and managing director of the bank and one of the key people in its history. An employee of the Merchants' Bank of Halifax, he built that bank's Quebec business to where Montreal became its centre of operations. His efforts saw the Bank formally relocate its head office in 1907 to Saint Jacques Street in Montreal following which he induced the prominent Montreal business magnate Herbert Samuel Holt to accept an appointment as the bank's new President. While at the time Holt's presidency was largely a ceremonial position, his name substantially raised the bank's profile and broadened its business connections.

The title of Royal Bank's top executive has changed several times. Initially it was styled as President. Later, it became Chief Executive Officer and one often carried additional responsibilities as Chairman of the Board, while the second-in-command was the President. Allan R. Taylor was Chairman and CEO from 1986 to 1994, and he was succeeded by John Cleghorn in that capacity from 1994-2001. Gordon Nixon is currently the President and Chief Executive Officer, as the bank decided to appoint a non-executive chairman after Cleghorn's retirement.

President

Thomas E. Kenny (1879-1908)
Herbert Samuel Holt (1908-1934)
Morris W. Wilson (1934-1946)
Sydney Dobson (1946-1949)
James Muir (1949-1960)
Earle McLaughlin (1960-1979)
Rowland Frazee (1977-1980)
Jock Finlayson (1980-1983)
Allan R. Taylor (1983-1986) - Chairman and CEO (1986-1994)
John Cleghorn (1986-2001) - Chairman and CEO (1994-2001)
Gordon Nixon (2001-present) - CEO

Chairman

David O'Brien 2004-present

Current members of the board of directors are: Geoffrey Beattie, George Cohon, Douglas Elix, John Ferguson (businessman), Paule Gauthier, Jacques Lamarre, Brandt Louie, Gordon Nixon, David O'Brien, Robert B. Peterson, Pedro Reinhard, Timothy Hearn, Kathleen Taylor, Victor Young (businessman), Michael McCain, Alice Labeige.

History of Head Offices

1976-Present: Royal Bank Plaza, at 200 Bay Street, Toronto, Ontario.
1962-1976: Place Ville-Marie, at University Street & René-Levesque Blvd, Montreal, Québec.
1928-1962: "Old Royal Bank Building, Montreal", at 360 Saint Jacques Street, Montreal, Québec.
1907-1928: Four Pillars Building (now destroyed), at 147 Saint Jacques Street, Montreal, Québec.
1864-1907: Merchants' Bank of Halifax Building, on Bedford Row, Halifax Regional Municipality, Nova Scotia, Nova Scotia.

RBC's legal headquarters still remains in Montreal at Place Ville-Marie. However, all management operations were moved to its current location in Toronto at the Royal Bank Plaza, making this the company's functional headquarters.

Media attention According to a global Newsweek ranking, which measures how effectively companies manage environmental risks and opportunities relative to their industry peers, Royal Bank of Canada is the most environmentally friendly company in the world. Global-Warming Ready, Newsweek, 8 April 2007, URL accessed 19 July 2007

On January 15, 2007, CBC Radio reported RBC is "refusing" people of certain nationalities to open U.S. dollar accounts with the bank. Canadian citizens with dual citizenship in Cuba, Iran, Iraq, Myanmar, North Korea or Sudan (mostly countries with U.S. sanctions) are affected. The U.S. Treasury Department restricts certain foreign nationals from using the U.S. dollar payment system to limit terrorism and money laundering after the September 11, 2001 attacks. RBC replied that the compliance with such laws do not represent an endorsement by the bank and on January 17, clarified its position on the application of the U.S. laws, specifying that "with some exceptions" it does open accounts for dual citizens of the sanctioned countries.

Memberships RBC is a member of the Canadian Bankers Association (CBA) and registered member with the Canada Deposit Insurance Corporation (CDIC), a federal agency insuring deposits at all of Canada's chartered banks. It is also a member of:

Interac
VISA (credit card) International
MasterCard in the Caribbean markets
Plus Network
NYCE point of sale Network
CarIFS ATM Network

References

McDowall, Duncan. 1993. Quick to the Frontier: Canada's Royal Bank. Royal Bank of Canada.

External links

RBC Financial Group
RBC Royal Bank
RBC Centura
RBC Dominion Securities
RBC Royal Bank of Canada (Caribbean and Bahamas)
RBC Global Private Banking
RBC stock chart

Historical bank notes

1920 Trinidad and Tobago banknote (front) - Example of Royal Bank Caribbean banknotes
1920 Trinidad and Tobago banknote (back) - Example of Royal Bank Caribbean banknotes
1938 Saint Kitts banknote (front) - Example of Royal Bank of Canada banknotes
1938 Saint Kitts banknote (back) - Example of Royal Bank of Canada banknotes

1864 - Merchants Bank founded in Halifax Regional Municipality, Nova Scotia
1869 - Changed named to Merchants' Bank of Halifax
1869 - Federal charter received
1870 - 1880s - Expansion in Maritimes
1901 - Name changed to Royal Bank of Canada (RBC)
1907 - Head Office moved from Halifax to Montreal
1910 - Merged with Union Bank of Halifax
1912 - Merged with Traders Bank of Canada
1917 - Merged with Quebec Bank
1918 - Merged with Northern Crown Bank
1925 - Merged with Union Bank of Canada
1993 - Merged with Royal Trust
2000 - Merged merchant credit/debit card acquiring business with BMO Bank of Montreal's to form Moneris Solutions
2006 - Created Institutional Investment Joint Venture with Dexia. It is a 50/50 Partnership called RBC Dexia Investor Services.

1882 - Bermuda office opens
1899 - RBC opens an agency in New York and a branch in Havana.
1903 - Buys Banco de Oriente de Santiago de Cuba. By the mid-1920s, RBC has 65 branches in Cuba and is the largest bank in the country.
1904 - Buys Banco del Commercio de Havana.
1907 - Opens a branch in San Juan, Puerto Rico; branches in Mayagüez, Puerto Rico and Ponce, Puerto Rico follow.
1909 - RBC established a branch in Nassau, Bahamas.
1910 - Opens a branch in London and acquires a branch in Trinidad as a result of its acquisition of Union Bank of Halifax.
1911 - Opens branches in Jamaica and Barbados.
1912 - Opens a branch in British Honduras and another in the Dominican Republic; three more follow
1913 - Opens a branch in Grenada
1914 - Opens a branch in British Guiana. Buys out Bank of British Guiana and Bank of Honduras.
1915 - Opens branches in Costa Rica, Antigua, Dominica, and St. Kitts
1916 - Opens a branch in Venezuela
1917 - Opens branches in Nevis, Montserrat, and Tobago
1918 - Opens a branch in Barcelona, and another in Vladivostok that lasts less than a year.
1919 - Opens branches in Brazil, Argentina, Uruguay, Paris, Martinique, Guadaloupe, and Port-au-Prince, Haiti
1920 - Opens a branch in Colombia and St. Lucia
1925 - Opens a branch in Peru, and acquires the American-owned, and failed, Bank of Central and South America. The purchase of BCSA brings with it subsidiaries, and their branches, in Colombia, Costa Rica, Peru, and Venezuela
1940 - Branches in Martinique and Guadaloupe close
1960 - The Castro regime acquires the RBC's operations in Cuba
1970s - As a result of Law 75, RBC's operations in Colombia become Banco Royal Colombiano.
1980 - RBC purchases Banco de San Juan in Puerto Rico, adding its 14 branches to the six that RBC already has in Puerto Rico. RBC sells to Republic Bank, Trinidad and Tobaggo Limited., its assets in Grenada.
1985 - RBC starts to withdraw from much of the Caribbean. It sells its 12 branches in the Dominican Republic to Banco de Comercio Dominicano. It also sells its stake in Royal Bank (Jamaica) to Jamaica Mutual Life Assurance. Furthermore, the Government of Guyana nationalizes its operations there and renames the bank the Republic Bank, Trinidad and Tobago Limited , , Additionally RBC incorporates its operations in Trinidad and Tobago locally, floating the shares, thereby divesting itself of ownership. The new bank takes the name Royal Bank of Trinidad and Tobago (RBTT).
1986 - RBC sells its two branches in Haiti to Societe Generale Haitienne de Banque, a local bank.
1993 - RBC sells Royal Bank of Puerto Rico to Spain's Banco Bilbao Vizcaya Argentaria.
1995 - RBC sold Royal Trust Bank (Austria) to Anglo Irish Bank, which renamed it Anglo Irish Bank (Austria).
2001 - RBC acquires Centura bank based in Rocky Mount, North Carolina.
2006 - RBC upgraded its representative Office in Beijing, China to a branch.
2007 - RBC announces its acquisition of RBTT, after withdrawing from Trinidad and Tobago 20 years earlier.

Thomas E. Kenny (1879-1908)
Herbert Samuel Holt (1908-1934)
Morris W. Wilson (1934-1946)
Sydney Dobson (1946-1949)
James Muir (1949-1960)
Earle McLaughlin (1960-1979)
Rowland Frazee (1977-1980)
Jock Finlayson (1980-1983)
Allan R. Taylor (1983-1986) - Chairman and CEO (1986-1994)
John Cleghorn (1986-2001) - Chairman and CEO (1994-2001)
Gordon Nixon (2001-present) - CEO

Chairman

David O'Brien 2004-present

1976-Present: Royal Bank Plaza, at 200 Bay Street, Toronto, Ontario.
1962-1976: Place Ville-Marie, at University Street & René-Levesque Blvd, Montreal, Québec.
1928-1962: "Old Royal Bank Building, Montreal", at 360 Saint Jacques Street, Montreal, Québec.
1907-1928: Four Pillars Building (now destroyed), at 147 Saint Jacques Street, Montreal, Québec.
1864-1907: Merchants' Bank of Halifax Building, on Bedford Row, Halifax Regional Municipality, Nova Scotia, Nova Scotia.

Interac
VISA (credit card) International
MasterCard in the Caribbean markets
Plus Network
NYCE point of sale Network
CarIFS ATM Network

References

McDowall, Duncan. 1993. Quick to the Frontier: Canada's Royal Bank. Royal Bank of Canada.

External links

RBC Financial Group
RBC Royal Bank
RBC Centura
RBC Dominion Securities
RBC Royal Bank of Canada (Caribbean and Bahamas)
RBC Global Private Banking
RBC stock chart

Historical bank notes

1920 Trinidad and Tobago banknote (front) - Example of Royal Bank Caribbean banknotes
1920 Trinidad and Tobago banknote (back) - Example of Royal Bank Caribbean banknotes
1938 Saint Kitts banknote (front) - Example of Royal Bank of Canada banknotes
1938 Saint Kitts banknote (back) - Example of Royal Bank of Canada banknotes

RBC Royal Bank Gateway
For information about RBC Financial Group including corporate ... for VISA cardholders affected by the Zoom Airlines situation : Royal Bank of Canada reports ...

Company Snapshot
ROYAL BANK OF CANADA provides personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing ...

Royal Bank of Canada - Wikipedia, the free encyclopedia
The Royal Bank of Canada (Banque Royale du Canada in French) (TSX: RY, NYSE: RY) is Canada 's largest company. [1] Its master brand is RBC and that name is used on all its ...

RBS - The Royal Bank of Scotland Group website
Welcome to The Royal Bank of Scotland Group Site. Additional text has been added to aid users ... Europe, Middle East and Africa; North America and Canada; Asia Pacific; Latin America

Royal Bank of Canada Global Private Banking
Provides offshore banking, investing, and related financial services.

RBC Royal Bank - Online Banking
... and limitations of the RBC Online Banking Security Guarantee, please see the Electronic Access Agreement in RBC Online Banking. This guarantee is given by Royal Bank of Canada in ...

RBC Financial Group - We put our clients first.
rbc.com is an online information service operated by Royal Bank of Canada. Last modified: 07/22/2008 15:38:50

RY: Profile for ROYAL BANK OF CANADA - Yahoo! Finance
See the company profile for ROYAL BANK OF CANADA (RY) including business summary, industry/sector information, number of employees, business summary, corporate governance, key ...

RY - Royal Bank of Canada (USA) - Google Finance
Get the latest on Royal Bank of Canada (USA) (RY) including stock quotes, interactive charts, up to date news, high quality discussion groups and more on Google Finance.

Royal Bank of Canada (Channel Islands) Limited
Guernsey : Royal Bank of Canada (Channel Islands) Limited RBC Trustees (Guernsey) Limited RBC Investment Solutions (CI) Limited PO Box 48, Canada Court, St.