Ron Dembo, founder and chief executive of Toronto-based technology vendor Algorithmics, is to step away from his day-to-day running of the company to assume the role of chairman. The move comes as Algorithmics secured new financing from its main shareholders.
Royal Bank of Canada (RBC) has confirmed a new senior management structure in foreign exchange following the departure of global foreign exchange head David Gibbins, reports Risk’s sister publication, FX Week .
The University of California continues to add plaintiffs to its lawsuit against Enron. RBC, Goldman Sachs and two law firms are now facing the university's wrath.
The Royal Bank of Canada (RBC) yesterday reached a settlement agreement with Enron Corporation, the Enron Creditors' Committee and Netherlands-based Rabobank, resolving aspects of a share transaction known as ‘Cerberus’, which also involved the use...
RBC Centura, a US retail banking subsidiary of Royal Bank of Canada, has appointed Andrea Bolger as its new chief credit and risk officer. She replaces Graham McLachlan, who has relocated to Vancouver as RBC’s regional president.
RBC Capital Markets, the corporate and investment banking arm of Canada's RBC Financial Group, has signed up to use the Fenics FX system of New York-based broker and technology provider GFI, for its foreign exchange options marketing.
Canadian banks' attitude towards loan portfolio management is changing, and the impending Basel II Accord is accelerating the evolution of internal practices.
Algorithmics is strengthening its credit risk management offering as demand grows for more comprehensive credit solutions. It is integrating a number of Standard & Poor’s credit data products with its analytical tools and developing a new module to...
The largest Canadian banks have banded together to share default data, making it much more likely they will all qualify for the most advantageous regulatory capital approach under the Basel II capital Accord.