Dain Rauscher Wessels, RBC Dominion Securities Combined, Renamed RBC Capital Markets.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Nov. 1, 2001 Royal Bank Financial Group (NYSE NYSE See: New York Stock Exchange :RY) today announced its corporate and investment banking units will operate globally under the name RBC Capital Markets RBC Capital Markets is the corporate and investment banking division of Royal Bank of Canada ("RBC"). Broker dealers Depending on the jurisdiction, the division uses different broker dealer subsidiaries of RBC:
The move also completes the formal integration, initiated earlier in the year, of the Group's principal corporate and investment banking unit, RBC Dominion Securities
"Our new name is consistent with the Group's recently launched global branding initiative and signals our emergence in recent years as a North American-based investment bank offering clients deep industry knowledge, capital markets insight and selected global product expertise. A closer working relationship between ourselves and Peter Grant's team at Dain Rauscher Wessels, is a critical element of this strategy," said Charles Winograd, president and chief executive officer of RBC Capital Markets. RBC Capital Markets offers world-class expertise and a global reach in its chosen products, markets and industry sectors through five business divisions and 3,000 employees including some 80 analysts covering more than 900 companies. It is a member of RBC RBC red blood cell. RBC or rbc abbr. red blood cell RBC, n See red blood cell count. RBC red blood cells; red blood (cell) count (see blood count). Financial Group, the seventh largest bank by assets in North America. The group has 58,000 employees who serve over 12 million customers in 30 countries. RBC Financial Group is the brand name for Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :RY) (NYSE:RY) and its subsidiaries. Royal Bank is Canada's largest bank as measured by market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. and assets, and is one of North America's leading diversified financial services companies. It provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. The company employs more than 58,000 people who serve more than 12 million personal, business and public sector customers in North America and in some 30 countries around the world. For more information, please visit www.royalbank.com |
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