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Switching banks really isn't difficult. I recently changed banks when RBC took over HSBC. HSBC was a great bank and unlike TD Canada Trust, they never engaged in blatant money grabs like when TD tried to raise the interest on our HELOC due to "market conditions." After threatening to leave TD if they didn't restore the rate that we signed up for, they basically shrugged their shoulders and we spent the next 18 years banking with HSBC. Then came the RBC takeover. There is no way I'm handing my life savings to Canada's largest financer of fossil fuel projects. Buh-bye RBC. Watch this video and let your bank know that you'd really like your children to live in a world that isn't traumatized by climate disasters and related social and economic pain. RBC #bank #climateemergency #parisagreement #netzero #commitment #greenwashing https://lnkd.in/gwCtEYTd

This week, Canada’s Big Six banks released Q4 #earnings, showcasing their resilience and adaptability in a dynamic economic environment. The earnings reports revealed strong performance across key segments, particularly in commercial banking, personal banking, and wealth management. Notably, National Bank of Canada and RBC led the way with impressive results, reflecting the strength of their diversified, multi-line business models. The results indicate National Bank's disciplined focus on operational execution (i.e. cost control, risk management) and organic growth (i.e. non-M&A) - expanding existing business lines, attracting new customers, and enhancing products and services. RBC deployed an opposite strategy through the acquisition of HSBC, helping to bolster performance in all three key segments: personal banking, commercial banking & wealth management. The results underscore that there's no one-size-fits-all to navigating growth in an uncertain market. Two banks deployed very different strategies, both resulting in strong earnings. #Banking #Finance #Earnings #Growth #Canada ——————————————— I write content on marketing strategy for the financial services & fintech industries. Hit that +Follow button on my profile for advice, research, data & insights on how brands in these categories can grow.

𝐑𝐁𝐂'𝐬 𝐔.𝐒. 𝐔𝐧𝐢𝐭 𝐒𝐞𝐭 𝐟𝐨𝐫 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐂𝐄𝐎 𝐂𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐭 𝐃𝐞𝐬𝐩𝐢𝐭𝐞 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 Royal Bank of Canada's CEO Dave McKay expresses confidence in the future performance of its U.S. subsidiary, City National Bank, anticipating it to be a "net contributor" despite past struggles. Acquired in 2015, City National required a capital boost and leadership changes amid the U.S. regional banking crisis. With a focus on remedying operational and regulatory issues, McKay is bullish about growth opportunities in the U.S., further cemented by the recent acquisition of HSBC Canada. This strategic positioning enhances RBC's dominance in the domestic market while paving the way for expansion south of the border. #finance #news #RBC #CityNationalBank #BankingGrowth Source:- https://lnkd.in/dKWqFMud

This Week's Spotlight: RBC (RY.TO) Join us in highlighting Royal Bank of Canada (RBC), the largest bank in Canada by market capitalization. Founded in 1864 and headquartered in Toronto, RBC has become a pillar of stability in the global financial landscape. RBC isn't just a leader in banking; it's a part of Canada's national backbone, with over $1.01 trillion in assets under management. Operating across Canada and in 36 other countries, RBC not only serves millions with standard banking but also innovates with initiatives like the Global Credit Connect—a program aiding immigrants in establishing credit in Canada. The "Global Credit Connect" initiative represents RBC's commitment to supporting the financial health of immigrants, leveraging international credit histories to empower new Canadians. This approach not only broadens access to financial services but also underscores RBC’s role in fostering inclusive economic growth. RBC’s robust financial health, evidenced by a sustained increase in stock price and a strong profit margin, reassures investors of its resilience and strategic vision. What's your view on RBC's growth strategies? How do you see initiatives like Global Credit Connect impacting the banking industry? Share your thoughts and let's discuss further! #Finance #Banking #RoyalBankOfCanada #Innovation #FinancialInclusion #GlobalBusiness

Did you know that the first bank in Canada opened its doors in 1817? The Bank of Montreal, established on November 3rd, 1817, made history by becoming the first chartered bank in Canada. It played a pivotal role in the growth and development of the Canadian economy, setting the stage for the financial industry we know today. Next time you pass by a Bank of Montreal branch, take a moment to appreciate the legacy and impact of this historic institution. #DidYouKnow #BankingHistory #DidYouKnowCanada #BankofMontreal #CanadianHistory #FinancialInstitutions #EconomicDevelopment

M&A season in the banking sector continues! This deal is probably the biggest acquisition since RBC acquired HSBC (Canada), and unless I've been living under a rock, it was significantly less telegraphed to the market. These two banks seem to be a natural pairing given the typical trade area that each primarily operates in. The combined company that results from this should be well positioned to mount an effective challenge to the Big 4 Schedule 1s (NB & CWB having a combined market cap equal to about 70% of the smallest, CIBC). Congratulations to National Bank of Canada and Canadian Western Bank both. National Bank's bid at an eye-watering 110% premium is a strong message to any rival suitors that could be waiting in the wings, they want this deal, and they're willing to spend to make it happen. #lending #canada #finance #realestate #cre

National Bank of Canada has announced an all-share deal to acquire Canadian Western Bank, valuing the lender at approximately $5 billion. This acquisition allows National Bank to significantly expand its presence in Alberta and British Columbia, where Canadian Western has 39 branches and 65,000 clients. The move follows Royal Bank of Canada's $13.5-billion acquisition of HSBC Canada, raising concerns over market concentration. National Bank’s CEO Laurent Ferreira stated that this transaction aligns with the bank's strategic plan for pan-Canadian growth and will enhance its lending portfolio by 37%. The acquisition aims to create a stronger national competitor in the banking sector. #VeritasMedia #NationalBank #CanadianWesternBank #BankingSector #Acquisition #FinancialNews #CanadaBanking #MarketConsolidation #BusinessExpansion #NationalCompetitor #EconomicGrowth Check out my blog post https://wix.to/HXOrv6K

𝗚𝗹𝗼𝗯𝗮𝗹 𝗗𝗲𝗽𝗼𝘀𝗶𝘁𝘀 𝗼𝗳 𝘁𝗵𝗲 𝟯𝟬 𝗟𝗮𝗿𝗴𝗲𝘀𝘁 🍁 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗗𝗲𝗽𝗼𝘀𝗶𝘁-𝗧𝗮𝗸𝗶𝗻𝗴 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀: The Top 5 banks hold more deposits than all other deposit-taking institutions in Canada combined! 🏅 𝗧𝗼𝗽 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗲𝗿𝘀: 🔹 𝗕𝗮𝗻𝗸𝘀: RBC Royal Bank and TD Bank together have $2.8 trillion in global deposits. 🔹 𝗖𝗿𝗲𝗱𝗶𝘁 𝗨𝗻𝗶𝗼𝗻𝘀: Desjardins, with $290 billion in deposits, is the 7th largest deposit-taking institution in Canada. Desjardins alone holds more deposits than all other Canadian credit unions combined! 🔹 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗕𝗮𝗻𝗸: ATB Financial, with $42 billion, is the 8th largest deposit-taking institution and serves only one province—Alberta. 🔹 𝗧𝗿𝘂𝘀𝘁 𝗖𝗼𝗺𝗽𝗮𝗻𝘆: Home Trust is the largest independent trust company in Canada. 👑 𝗛𝗲𝗴𝗲𝗺𝗼𝗻𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗧𝗼𝗽 𝟱 𝗕𝗮𝗻𝗸𝘀: The combined deposits of the institutions ranked 6th to 30th among Canadian deposit-taking institutions total $958.7 billion, which is less than the deposits of TD, RBC, or BMO individually! ------------------------ Provided by WOWA.ca Simply Know Your Options🔍

🌎 𝗚𝗲𝗼𝗴𝗿𝗮𝗽𝗵𝗶𝗰 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗕𝗶𝗴 𝟲 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗕𝗮𝗻𝗸𝘀' $𝟱.𝟳 𝗧𝗿𝗶𝗹𝗹𝗶𝗼𝗻 𝗧𝗼𝘁𝗮𝗹 𝗗𝗲𝗽𝗼𝘀𝗶𝘁 (𝗤𝟮 𝟮𝟬𝟮𝟰): 🔹70.7% in Canada 🔹21.8% in the U.S. 🔹7.5% other regions 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗯𝗮𝗻𝗸𝘀 𝗵𝗮𝘃𝗲 𝗮𝗻 𝗶𝗺𝗽𝗿𝗲𝘀𝘀𝗶𝘃𝗲 𝗽𝗿𝗲𝘀𝗲𝗻𝗰𝗲 𝗶𝗻 𝗺𝗮𝗻𝘆 𝗼𝘁𝗵𝗲𝗿 𝗰𝗼𝘂𝗻𝘁𝗿𝗶𝗲𝘀. 👏 🏦 𝗥𝗮𝗻𝗸𝘀 𝗕𝗮𝘀𝗲𝗱 𝗼𝗻 𝗧𝗼𝘁𝗮𝗹 𝗔𝘀𝘀𝗲𝘁𝘀: 🔹𝗚𝗹𝗼𝗯𝗮𝗹 𝗥𝗮𝗻𝗸: RBC is 24th, TD is 28th, Scotiabank is 37th, BMO is 38th, and CIBC is 49th. 🔹𝗨.𝗦.: TD ranks 11th and BMO ranks 15th. 🔹𝗠𝗲𝘅𝗶𝗰𝗼: Scotiabank Inverlat ranks 5th. 🔹𝗖𝗼𝗹𝗼𝗺𝗯𝗶𝗮: Scotiabank Colpatria ranks 5-6th*. 🔹𝗖𝗵𝗶𝗹𝗲:  Scotiabank Chile ranks 4th. 🔹𝗖𝗮𝗺𝗯𝗼𝗱𝗶𝗮: National Bank (Advanced Bank of Asia Limited; as ABA Bank) ranks 1st. * For Colombia, the rankings are based on deposits and loans. ------------------------- Provided by WOWA.ca Simply Know Your Options🔍

Adding some research of my own. .. ... WoW at just 40Million Population Canadian banks are one of the wealthiest and most profitable banks in the World 🌍. RBC makes 2X (100% more) the Profit ($16 Billion) than SBI (India's largest bank) even though SBI makes about/just 30% more in revenue ($50.1 Billion USD). While TD makes CA $48.7 Billion in Revenue and CA $17.4 Billion in Profit vs HDFC (India's second largest bank makes $25 Billion in Revenue and $0.53 Billion In Profit) At 36 TIMES more population in India 1,440 Million humans. and Canada has over 17 Banks/Financial Institutions with 5-6 Big ones (RBC, TD, Scotia, BMO, CIBC, and National Bank) #MindBlown #OpenBanking