Royal Bank of Canada is seeking ways to re-enter U.S. consumer banking just two years after the Canadian lender took a C$1.6 billion ($1.56 billion) loss from the sale its money-losing U.S. retail bank network.Speaking to reporters after the lender's annual general meeting in Calgary, Chief Executive Gord Nixon said RBC was looking for opportunities to build a presence in internet banking and payment systems, rather than simply buying a U.S. consumer bank."We've been looking (for) an opportunity to look at the U.S. through a very different lens, given the fact that our industry is going to transform so much from a technology perspective," he told reporters following the meeting, which took place on the same day the bank released first-quarter results.Nixon was vague on details but said there was plenty of room for new players in the payment space.
Royal Bank of Canada (RBC) is a diversified financial services company. Shares of RY traded higher by 0.11% or $0.07/share to $62.11. In the past year, the shares have traded as low as $46.80 and as high as $64.08. On average, 513147 shares of RY exchange hands on a given day and today's volume is recorded at 867982.
Royal Bank of Canada (RBC) is a diversified financial services company. Shares of RY traded higher by 0.85% or $0.54/share to $64.02. In the past year, the shares have traded as low as $48.70 and as high as $64.92. On average, 2193800 shares of RY.TO exchange hands on a given day and today's volume is recorded at 4066001.
Source
