Tag: RBC

Risk

RBC CEO McKay Prioritizes Organic Growth Over US Bank Acquisitions

Colin Henderson

$Royal Bank of Canada (RY.CA)$‘s CEO, Dave McKay, expressed disinterest in acquiring US banks, highlighting the challenges of inheriting issues from such deals. Speaking at Bank of Nova Scotia’s annual financial industry conference in Toronto, McKay emphasized his cautious approach towards acquisitions, questioning the benefits of taking over US banks and the potential problems involved. He stated, “The first question I always ask myself on an acquisition is, ‘Why are they selling and what problems am I inheriting, and can I run this business better than the current management team can?’ Despite his past acquisition of Los Angeles-based City National … Continue reading RBC CEO McKay Prioritizes Organic Growth Over US Bank Acquisitions

Business Models

RBC speak about convergence for EBPP and statements

Colin Henderson

The commentary here from Colin McKay, vice-president of e-business architecture RBC in this video interview, is refreshing to hear from a Bank. RBC discusses client reporting and customer statements | IT World Canada Some notes from the interview, then commentary and discussion: Old process had product and IT groups generating 18 separate statements in different formats but most ending up in print each statement feed was formatted specific to the output, eg, print or web each of the 18 had their own processes all 18 feeds have been directed to a common store, and stored as raw data the 18 … Continue reading RBC speak about convergence for EBPP and statements

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A request of RBC | where is your community feature?

Colin Henderson

I have been applauding RBC’s internet initiatives, and this one from what looks like a press release is no exception … except I cannot find it? Anyone out there at RBC care to help me out here. Finextra: RBC Direct Investing taps blogs for investment management Community is part of a wider site redesign by RBC, which is also adding a ‘sectors and industries’ page to allow investors to target areas and obtain more granular trending information. The bank says a ‘trading dashboard’ will be added this summer which will enable more active traders to consolidate research, tracking and execution … Continue reading A request of RBC | where is your community feature?