RBC Is Expanding Its US Business With a Cash-Management Offering [Financial Post (Toronto, Ontario, Canada)]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
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US:NYSE Investor Relations:
rbc.com/investorrelations/index.html
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — After about a decade of steady growth at its US investment bank, Royal Bank of Canada is launching a cash-management business in its “second home market” in a bid to win more of its clients' spending. Canada's biggest bank hasn't previously offered treasury and liquidity-management services to the large companies it works with on deals, financing and other capital markets services in the US. Chief Executive Officer Dave McKay has teased the bank's plans to change that several times on recent investor calls, and the bank on Tuesday officially announced the new services, dubbed RBC Clear and aimed at Fortune 1000 companies. Article content Article content The Toronto-based bank has spent the last two years gathering client input and building a platform for customers to manage the flow of payments and receivables, pay taxes in the most efficient ju
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