RBC Financial News

25.10 / 11:33

Strategy RBC cover exclusive reports Stifel LPL’s employee channel gains $200M Stifel advisor to launch new office

LPL Financial’s employee advisor channel Linsco is opening a new office in Santa Barbara, California, after attracting a $200 million AUM advisor from Stifel.

25.10 / 05:55

Provident RBC Albemarle information reports fall MinRes blames ‘manipulation’ for fall in lithium prices

Mineral Resources says lithium markets are being manipulated to suppress prices in a sector still dominated by battery chemical makers in China.

24.10 / 21:09

UPS Citi JPMorgan RBC reports testing France’s Vinci test drives banks for EastLink tilt; Transurban digs in

Paris-headquartered concessions player Vinci Group has begun meeting with investment banks for a potential buy-side mandate, as it weighs a tilt at Melbourne’s EastLink motorway.

24.10 / 01:49

COST Aviat Patrick RBC country Viva underperforms on Geelong refinery troubles

Australian fuel giant Viva Energy’s operating and shipping costs will be higher thanks to challenges linked to prolonged maintenance at its troubled flagship Victorian refiner.

23.10 / 23:49

FIVE economy RBC CIBC show reports Bank of Canada expected to hold key interest rate at 5% amid ‘sluggish’ economy

The Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and inflation resumes its downward trend.

23.10 / 13:09

economy Nov RBC stage country social Argentina's assets drop after presidential vote as uncertainty weighs

By Jorgelina do Rosario

23.10 / 11:57

Mobile Chevron RBC Hess country Latin Chevron to buy Hess Corp for $53 billion in second oil mega-merger in weeks

(Reuters) -Chevron said on Monday it agreed to buy Hess for $53 billion in stock, the second proposed mega-merger among the biggest U.S. oil players after Exxon Mobil (NYSE:XOM) bid $60 billion for Pioneer Natural Resources (NYSE:PXD) earlier this month.

20.10 / 18:55

UPS BLOCK HSBC RBC Pierre Poilievre says Canada should block RBC, HSBC merger

The leader of Canada’s main opposition political party says the government should block HSBC Holdings PLC’s sale of its local operations to Royal Bank of Canada.

19.10 / 19:31

CEO Strategy RBC President reports Merrill team overseeing $1.37B jumps to RBC

A team that oversaw $1.37 billion in client assets at Merrill Lynch has joined RBC Wealth Management, the firm announced Thursday.

18.10 / 16:27

Provident Racing Entertainment RBC innovations Horse racing principles guide $265M team to independence with LPL

A pair of financial advisors is launching a new independent practice with LPL Strategic Wealth Services, having managed around $265 million at RBC.

18.10 / 13:51

COST Digital CEO Nov RBC Scotiabank to cut about 3% of its global workforce

(Reuters) -Bank of Nova Scotia will cut about 3% of its global workforce as a part of efforts to streamline operations, Canada's fourth largest bank said on Wednesday.

18.10 / 11:35

Citi RBC pandemic show reports Posthaste: Cooling housing market could spur Bank of Canada to cut rates sooner, says economist

Signs that housing market sentiment in Canada is heading south fast came in the latest real estate numbers out Friday.

17.10 / 02:21

Career Mobile Deloitte RBC Bill reports MA Moelis taps new resources sector head

MA Moelis Australia has added a new face to its corporate advisory lineup.

16.10 / 14:09

UPS UBS RBC President RBC Wealth adds $450M wirehouse team in Philadelphia

A team of six has moved to the RBC Wealth Management branch in Philadelphia having managed $450 million in client assets at Morgan Stanley.

13.10 / 14:37

UPS Reuters RBC show reports Dollar holds inflation driven gains, yen within touching distance of 150

The consumer price index (CPI) rose 0.4% in September, keeping the annual rate at 3.7%, the same as in August, while economists polled by Reuters had forecast it would gain 0.3% on the month and 3.6% year-on-year. «The data will keep the Fed on its toes,» said Nicholas Van Ness, U.S.

11.10 / 08:43

UPS Waves CEO RBC Morningstar track Takeover ACCC argument to back Origin takeover is flimsy, say analysts

The competition regulator’s reasoning that the $18.7 billion takeover of Origin Energy by two North American bidders should go ahead because of a public benefit from a faster energy transition is “flimsy”, and consumers are likely to pay higher prices as a result of the deal, analysts say.

10.10 / 17:33

Provident Platform Citigroup RBC reports LPL nabs team managing $900M at RBC

A team that oversaw $900 million in client assets at RBC Wealth Management has affiliated with LPL Financial’s LPL Strategic Wealth Services, the firm said.

10.10 / 05:41

UPS BLOCK RBC MAT Allons y! ACCC ruling lures offshore investors to EastLink

The ACCC’s decision to green light Origin Energy’s $18.7 billion takeover monopolised attention Tuesday, for good reason, but spare a thought for Transurban. The toll road giant’s bid for Melbourne’s EastLink motorway was blocked by the competition watchdog last month in a bombshell ruling.

09.10 / 14:47

UPS Citi UBS RBC RBC Wealth adds $630M teams from Morgan Stanley, Wells Fargo

RBC Wealth Management has added two advisor teams across three states with a combined $630 million in client assets.

06.10 / 22:59

COST Cooper Action awards RBC Costs Arbitrators order losing investors to pay more than $2M in attorneys’ fees, costs

Lucy Chua and John Byrnes didn’t just lose their Finra arbitration claim against several financial firms and advisors for allegedly fraudulent sales of private corporate bonds — they’re on the hook for more than $2 million in attorneys’ fees and costs incurred by the winning side.

06.10 / 19:27

IPO Provident Waves Software RBC BlackBerry BlackBerry's spinoff should bring relief to Toronto's IPO market

There may be some relief in sight for Canada’s beleaguered initial public offering market: BlackBerry Ltd.’s spinoff its Internet of Things business.

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