Royal Bank of Canada

Royal Bank of Canada

Global financial institution offering diverse services

About Royal Bank of Canada

Simplify's Rating
Why Royal Bank of Canada is rated
A+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A+ on Differentiation

Industries

Fintech

Social Impact

Financial Services

Company Size

10,001+

Company Stage

IPO

Headquarters

Toronto, Canada

Founded

1864

Overview

Royal Bank of Canada (RBC) is a major financial institution that provides a wide range of services including personal and commercial banking, wealth management, insurance, investor services, and capital markets. RBC operates in Canada, the United States, and 27 other countries, serving over 17 million clients. The bank generates revenue through various financial products such as loans, mortgages, and investment services. RBC focuses on enhancing client experiences by leveraging technology and innovation in its services. Unlike many competitors, RBC emphasizes community support through donations and employee volunteerism, which is a key part of its corporate philosophy. The bank's goal is to adapt to the changing needs of its clients while fostering community prosperity, driven by a dedicated workforce of over 94,000 employees.

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Simplify's Take

What believers are saying

  • Partnership with Canadian Tire enhances loyalty programs and revenue streams.
  • New leadership in Singapore boosts RBC's wealth management presence in Asia.
  • RBC's social responsibility initiatives attract socially conscious clients.

What critics are saying

  • Lawsuit from Richmond could lead to financial and reputational damage.
  • Potential U.S. trade war may impact RBC's financial stability.
  • Employee dissatisfaction post-acquisition could cause operational disruptions.

What makes Royal Bank of Canada unique

  • RBC's diversified business model spans banking, wealth management, and capital markets.
  • Strong focus on innovation enhances client experiences and service delivery.
  • Commitment to community support strengthens brand reputation and client loyalty.

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Funding

Total Funding

$1008.5M

Above

Industry Average

Funded Over

1 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Professional Development Budget

Flexible Work Hours

Performance Bonus

Company News

Mobility Plaza
Mar 31st, 2025
Canadian Tire Corporation enhances loyalty via RBC partnership

Canadian Tire Corporation has signed a new long-term strategic loyalty partnership with Royal Bank of Canada (RBC) to enhance the value of their respective rewards programs.

Richmond Side
Mar 19th, 2025
Richmond sues banks to recover millions it says were lost to financial contracts

The city of Richmond filed a lawsuit Monday against JPMorgan Chase, Royal Bank of Canada (RBC) and the city's former financial advisors that seeks to recover "tens of millions" in payments made on derivative contracts that officials claim violated state law.

Private Banker International
Mar 14th, 2025
RBC Wealth Management appoints new head of private banking in Singapore

Royal Bank of Canada's (RBC) wealth management unit RBC Wealth Management has appointed Kamran Azim as the new head of private banking in Singapore.

The Voice of Saint Lucia
Mar 12th, 2025
1st National Bank and NWU Industrial Dispute Still Unresolved

The central issue is the bank employees' dissatisfaction with the non-compliance regarding "increment adjustments" tied to an agreement following the 1st National Bank's acquisition of the Royal Bank of Canada (RBC) last year.

EIN News
Mar 10th, 2025
MEAGAN GOOD, TATYANA ALI, NZINGA BLAKE, DEIONDRA SANDERS & MORE ATTEND 2025 LEADHER AWARDS PRESENTED BY RBC

OTTAWA, OTTAWA, CANADA, March 10, 2025 / EINPresswire.com / - In celebration of International Women's Day, the Equal Chance Foundation and Royal Bank of Canada (RBC) proudly hosted the 2025 LEADHER Awards, a night dedicated to recognizing women who are breaking barriers and challenging norms across business, technology, media, sports, education, and humanitarian work.

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