Royal Bank of Canada was founded in 1864 in Nova Scotia by a group of 8 businessmen who wanted to offer banking services for the fishing and timber industries. The original name of the bank was Merchants Bank of Halifax. The bank grew to include maritime services. When the Newfoundland bank collapsed, the company expanded to New Foundland.
With their expansion to Newfoundland, the bank changed its name to the Royal Bank of Canada and they moved headquarters to Montreal, Canada, in 1901.
Today, the company is a multinational financial services company and the largest bank in Canada. The bank serves over 16 million clients and has more than 80,000 employees worldwide.
The bank’s personal and commercial banking operations are branded as RBC Royal Bank in English and RBC Banque Royale in French and serve approximately ten million clients through its network of 1,209 branches.
In June 2019, the Royal Bank of Canada and Microsoft announced that they were creating a joint venture called “Go Digital” to help businesses confront the challenges of going digital.
In July 2019, the company stated that they believed the natural gas “glut” will continue at least through 2020, with China about to become the largest consumer of propane.
In 2011, RBC was the largest Canadian company by revenue and market capitalization. It was ranked at No. 50 in the 2013 Forbes Global 200 list. The company has operations in Canada, and 40 other countries.
Royal Bank of Canada
Royal Bank of Canada was founded in 1864 in Nova Scotia by a group of 8 businessmen who wanted to offer banking services for the fishing and timber industries. The original name of the bank was Merchants Bank of Halifax. The bank grew to include maritime services. When the Newfoundland bank collapsed, the company expanded to New Foundland.
With their expansion to Newfoundland, the bank changed its name to the Royal Bank of Canada and they moved headquarters to Montreal, Canada, in 1901.
History
Today, the company is a multinational financial services company and the largest bank in Canada. The bank serves over 16 million clients and has more than 80,000 employees worldwide.
The bank’s personal and commercial banking operations are branded as RBC Royal Bank in English and RBC Banque Royale in French and serve approximately ten million clients through its network of 1,209 branches.
In June 2019, the Royal Bank of Canada and Microsoft announced that they were creating a joint venture called “Go Digital” to help businesses confront the challenges of going digital.
In July 2019, the company stated that they believed the natural gas “glut” will continue at least through 2020, with China about to become the largest consumer of propane.
In 2011, RBC was the largest Canadian company by revenue and market capitalization. It was ranked at No. 50 in the 2013 Forbes Global 200 list. The company has operations in Canada, and 40 other countries.
Derek Eltvik says
I worked for the bank in the 1980’s and was led to believe that I should have some sort of pension coming to me I am 63 yrs old would like to know how I go about finding that pension. Thank you for your help. Derek Eltvik Royal Bank Halifax mostly on Gottingen St. Halifax NS
Joseph Hnatiuk says
Good Afternoon,
I am seeking information to determine if any pension contributions from I.D. Engineering/ I. D. Systems were made to my Royal Bank account in Regina Saskatchewan. My pension $168,41 should have started on Jan 31 2001 and was to be paid on the last day of each month. I.D. Engineering amalgamated to Stantec and they have no record that I was employed by I.D. Engineering/I. D. Systems. The office opened in Saskatoon in 1981 and closed in 1984. I would appreciate knowing if any contributions were made to my Regina account. I have a pension plan that was drawn up by Reed Stenhouse in Winnipeg and they do not have any records going that far back. Thank you for your assistance. Joseph Hnatiuk. Lethbridge Alberta