RBC

Home ownership becomes more expensive in third quarter, according to RBC

November 25, 2009 - 2:39pm | Markets | News

The report released by RBC Economics Research showed that the cost of home ownership in Canada became more expensive in the third quarter.
The bank says this is the first time since the spring of 2008 and was due to a slight rise in mortgage rates and higher property values. The RBC index measures the proportion of pre-tax household income needed to service the costs of owning a home.
The benchmark detached bungalow climbed by 1% to 40.2% and the standard townhouse rose by 0.7% to 32.3% during the third quarter.

condominium | Howe ownership | mortgage rate | property value | RBC

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Raymond James and RBC fined by FINRA over stock-loan violation

June 19, 2009 - 8:23am | Law aspects | News

Raymond James & Associates Inc. of St. Petersburg, Fla., and RBC Capital Markets Corp. of New York were fined by the Financial Industry Regulatory Authority Inc. for the violation of stock-loan regulation. Raymond James was fined $1 million while RBC was charged $400,000.

According to the FINRA allegations the firms paid to the finder firms that provided no service in locating securities for margin borrowing.

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RBC appoints new president and CEO for RBC Direct Investing

January 7, 2009 - 2:52pm | Banks and internet banks | News

RBC Royal Bank has announced the appointment of Jason Storsley to the position of president and CEO of RBC Direct Investing, effective February 1, 2009.

Storsley will be responsible for developing strategy, growing assets under administration, guiding existing sales and expanding the revenue and market share of RBC Direct Investing.

CEO | President | RBC | RBC Direct Investing

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A successful trial of mobile payments reported by Royal Bank in Canada

November 13, 2008 - 4:07am | Banks and internet banks | News

Earlier in September RBC Royal Bank in Canada launched a new pilot of a text message-based mobile payment service called RBC Mobex. The service designed for person-to-person payments in situations where individuals may not have the cash on hand, such as reimbursing a friend for lunch, collecting for the office coffee run, paying the babysitter, or buying a garage sale item is welcomed by the trial participants.

Canada | mobile payments | P2P payments | RBC

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