One of the world's largest financial institutions, RBC (Royal Bank of Canada) offers everyday banking, mortgages, credit cards, investing, and insurance to millions of people, businesses, and governments across Canada, the US, and beyond. It began life in 1864 as the Merchants' Bank of Halifax, founded by eight local traders to finance the port's import-export business, before adopting the "Royal" name in 1901. Fun quirk: when it took the royal title, the bank borrowed a close copy of Britain's Royal Coat of Arms for its corporate seal as a nod to strength and stability.
RBC and BMO agree to sell Moneris to Francisco Partners for ~$2 billion cash
RBC expects to record an after-tax gain of approximately $475 million ($560 million pre-tax) on closing, treated as an adjusting item.
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Royal Bank of Canada and BMO Financial Group have agreed to sell jointly-owned Moneris Solutions Corporation to Francisco Partners for approximately $2 billion in cash, with RBC's share at 50%.
The transaction is expected to close by the end of the first quarter of fiscal year 2027, subject to regulatory approvals and customary closing conditions.
RBC and BMO will enter into new exclusive, long-term customer referral arrangements with Moneris concurrent with closing.
RBC expects a marginally positive impact to its CET1 ratio upon close and no significant impact on future run rate earnings.
Royal Bank of Canada to repurchase up to 45 million common shares under approved normal course issuer bid
Purchases may begin June 12, 2026 and continue until June 11, 2027, or earlier if the bid is completed.
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The Toronto Stock Exchange and OSFI approved RBC's normal course issuer bid to buy back up to 45 million common shares for cancellation.
The maximum shares represent about 3.24% of the 1,389,738,870 common shares outstanding as of May 29, 2026.
Daily TSX purchases will not exceed 886,352 shares, which is 25% of the average daily trading volume of 3,545,411 shares for the six months ending May 29, 2026.
RBC will establish an automatic share purchase plan with broker RBC Dominion Securities Inc. on June 12, 2026.
Royal Bank of Canada files Form 6-K with Q2 2026 interim financial statements
The Form 6-K was filed on May 28, 2026, covering the quarterly period ended April 30, 2026.
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The filing includes unaudited interim consolidated financial statements and management's discussion and analysis for the second quarter of fiscal 2026.
Financial data is presented in Canadian dollars and prepared in accordance with IFRS.
The report details the bank's loan portfolio by stage (Stage 1, 2, 3) and risk category, including retail and wholesale segments.
Fair value hierarchy disclosures (Level 1, 2, 3) are provided for financial assets and liabilities.