The Royal Bank of Canada (RBC) is a multinational financial services company and also the largest bank by market capitalization in Canada. RBC serves more than 16 million clients and employs more than 80,000 people. Royal Bank of Canada was founded in 1864 in Halifax, Nova Scotia but it has its corporate headquarters in Toronto, Ontario. In November 2017, the Financial Stability Board listed RBC as one of the systematically important banks in the world.
RBC renders a plethora of services including retail banking, investment banking, corporate banking, private banking, mortgage banking, insurance and finance, wealth management and credit cards. In 2017, it had a revenue and net income of CA$40.66 billion and $8.35 billion and its total assets in 2018 was CA$1.27 trillion. RBC has several subsidiaries including City National Bank, RBC Bank, and Royal Bank of Trinidad and Tobago.
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