Royal Bank Of Canada
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RBC’s former CFO is suing the bank for nearly $50M. Here’s whyNadine Ahn's lawsuit claims that the way the bank made the announcement of an 'undisclosed personal relationship' caused the widespread belief that she was having an affair.CanadaAug 12
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Winnipeg demonstrators protest RBC’s fossil fuel investmentsWinnipeg demonstrators protested RBC's investment in fossil fuels after a report revealed RBC invested over 40 billion in the fossil fuel industry in 2022.EnvironmentApr 6
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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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Buyers take ‘upper hand’ in some of Canada’s most expensive housing marketsCanada's housing markets are slowing under the weight of higher interest rates this fall, with an RBC report arguing that's giving some buyers more choice.MoneyNov 7, 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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RBC’s takeover of HSBC Canada may raise banking fees for Canadians, MPs sayThe House of Commons finance committee's report urges the government to reject the $13.5-billion acquisition despite the Competition Bureau's approval.MoneyNov 2, 2023
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RBC’s deal to buy HSBC Canada can go ahead, Competition Bureau saysAfter an extensive review, The Competition Bureau said the deal likely won't significantly lessen competition in the banking sector.CanadaSep 1, 2023
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Mortgage stress looms over Canada’s big banks. What they — and consumers — can doEarnings season from Canada's biggest banks show stretched amortizations persist among lenders' mortgage books. Here's what to know if your mortgage is up for renewal.MoneyAug 31, 2023
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National Bank CEO concerned impact of remote work on downtown MontrealThe CEO of National Bank says he's worried about the impact remote work is having on the vitality of downtown Montreal, but plans to maintain a flexible approach.EconomyApr 21, 2023
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Canadian bank reported as biggest fossil fuel funder in the worldA report from a coalition of environmental groups shows that the Royal Bank of Canada provided over US$42 billion in fossil fuel funding last year.CanadaApr 13, 2023
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