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Royal Bank Of Canada: Canadian Mega Bank

January 7, 2016

Headquartered in Toronto Canada, the Royal Bank of Canada was founded in 1864 by J.W. Merkell, Edward Kenny, T.C. Kinnear, James B. Duffus, William Cunard, John Tobin, George P. Mitchell and Jeremiah Northup. The company they founded now has 78,000 employees with annual sales in excess of $38 billion a huge bank by any measure.

Royal Bank of Canada engages in the provision of diversified financial services. It operates through the following business segments: Personal and Commercial Banking, Wealth Management, Investor and Treasury Services, Capital Markets, and Insurance.

The Personal and Commercial Banking business segment involves in the personal banking operations and certain retail investment businesses as well as commercial and corporate banking operations. The Wealth Management business segment provides investment and wealth management solutions which provide asset management products and services through RBC distribution channels and third-party distributors.

The Investor and Treasury Services business segment provides the needs of institutional investing clients and as well as other services for clients to maximize liquidity and manage risk in multiple jurisdictions.  The Capital Markets business segment provides clients with capital markets products and services. While the Insurance business segment offers life, health, property and casualty insurance products and other related services.

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