Royal Bank of Canada (RBC)
Bank of America and RBC in ARS settlement
Bank of America and Royal Bank of Canada (RBC) yesterday agreed to buy back up to $5.5 billion of auction rate securities (ARS) they issued, becoming the latest banks to reach an agreement in principle with the US Securities and Exchange Commission (SEC).
RBC expands structured products in Latin America
RBC Capital Markets has appointed Flavio Paparella as director and head of institutional structured products sales for Latin America, marking a further expansion for the bank in the region.
RBC in equity and mutual funds expansion
Franck Morotti has joined RBC Capital Markets as head of equity structured product trading for Europe. The appointment is the first in a series of hires marking the company’s expansion both in equity and mutual fund derivatives.
RBC Capital Markets appoints research heads
RBC Capital Markets has hired Russell Jones as head of fixed income and currencies global research.
Olson and Goldshmidt join RBC in emerging markets
RBC Capital Markets has appointed Eric Olson and Ron Goldshmidt in emerging markets trading.
Risk 's Derivatives and Risk Management Summit Europe 2006: Hedge funds irked by culture of disclosure
Hedge fund managers have warned that increased demands for disclosure from their institutional investor clients and regulators could have some negative consequences for performance and market liquidity.
Risk 's Derivatives and Risk Management Summit Europe 2006: Hedge funds irked by culture of disclosure
Hedge fund managers have warned that increased demands for disclosure from their institutional investor clients and regulators could have some negative consequences for performance and market liquidity.
RBC loses two commodity seniors to DrKW
Dresdner Kleinwort Wasserstein (DrKW) has hired two senior executives from Royal Bank of Canada (RBC) to join its commodities desk in London.
RBC creates new base metals team
RBC Capital Markets has hired a new base metals team to take advantage of the demand for metal futures and options.
RBC in global switch to Risque system
Royal Bank of Canada (RBC) plans to run Sophis’ Risque cross-asset risk management software across its global capital markets businesses, as it seeks to minimise exposure to operational risk, RiskNews can reveal.
Risk and responsibility
A growing number of banks are producing sustainability reports detailing their environmental and socially responsible initiatives. Is this just slick PR or has sustainability become an important risk management consideration? Clive Davidson investigates
Four RBC derivatives staff fined C$312,000 over wash trading
Canadian regulators have fined four senior employees of RBC Dominion Securities a total of C$312,000 ($250,000) for 'wash trading' in shares of RBC and Bank of Montreal.
Spitzer to drop RBC inquiry
Eliot Spitzer, the New York State attorney general, will not pursue a formal inquiry into Royal Bank of Canada (RBC) for overpayments its clients made on foreign exchange trades, RiskNews' sister publication FX Week has learned.
Spitzer to drop RBC inquiry
Eliot Spitzer, the New York State attorney general, will not pursue a formal inquiry into Royal Bank of Canada (RBC) for overpayments its clients made on foreign exchange trades, RiskNews' sister publication FX Week has learned.
Spitzer to drop RBC inquiry
Eliot Spitzer, the New York State attorney general, will not pursue a formal inquiry into Royal Bank of Canada (RBC) for overpayments its clients made on foreign exchange trades, RiskNews’ sister publication FX Week has learned.
Citigroup restaffs Singapore forex sales
Citigroup has hired new staff to fill a void in its Singapore foreign exchange institutional sales team after three employees defected to Barclays Capital.
Dembo steps away from CEO role as Algo secures new financing;
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…
RBC unveils new forex structure
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 .
University of California adds four to Enron lawsuit
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.
RBC reaches settlement agreement in Enron bankruptcy case
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 of…
RBC Centura appoints chief risk officer
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 signs up to GFI forex option pricing system
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.
Canada's shifting credit scene
Canadian banks' attitude towards loan portfolio management is changing, and the impending Basel II Accord is accelerating the evolution of internal practices.
Canada’s shifting credit scene
Canadian banks