At TD and RBC, higher deposits weigh on LCR
Higher net cash outflows in Q2 keep liquidity coverage pressures up
Projected net cash outflows at Royal Bank of Canada and TD Bank shot up over the three months to end-April, depleting the banks’ liquidity coverage ratios (LCRs).
At RBC, net cash outflows – which form the LCR’s denominator – averaged C$274.6 billion ($225.5 billion) during the second fiscal quarter, up 8.1% from the previous period. This far outpaced the 1.6% increase to C$364.2 billion for high
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