RBC takes $296m hit on underwritten syndicated loans

- By Lorenzo Migliorato
- 25 Aug 2022

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Quality indicators for underwritten loans are flashing red at Royal Bank of Canada (RBC), with the bank cutting their value amid a riskier market environment.

The bank – a major player in the global leveraged loans market – marked down underwritten loans, mostly in the US, by C$385 million ($296 million) in the three months to end-July, driving most of the quarter’s 44% drop in corporate and investment banking revenue.

!function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName(

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net