# RBC

> Royal Bank of Canada is a 162-year-old financial institution that operates personal and commercial banking, wealth management, insurance and capital markets businesses for more than 19 million clients. Its modern advantage is less a single app than a diversified system: deposits and mortgages feed advice, investment, insurance and corporate banking relationships, while scale pays for technology, compliance and distribution. The 2024 HSBC Canada conversion made that system visible - and exposed both the power and the customer risk of changing a bank at industrial speed.

- **Founded:** 1864
- **Headquarters:** Toronto, Canada
- **Founders:** James W. Merkel (Co-founder and first president), William Cunard (Co-founder), Thomas Kinnear (Co-founder), Edward Kenny (Co-founder), Jeremiah Northup (Co-founder), John Tobin (Co-founder), George P. Mitchell (Co-founder), John Duffus (Co-founder)
- **Team size:** 97,795 full-time-equivalent employees at April 30, 2026; RBC also describes a global workforce of more than 101,000 people.
- **Products:** Personal Banking, Commercial Banking, Wealth Management, Insurance, RBC Capital Markets
- **Notable:** Completed the HSBC Canada close-and-convert technology migration for more than 780,000 clients in one weekend in March 2024., Reported C$5.5 billion of net income in Q2 2026, up 25% year over year., Ranked first in Canada and third among 50 global financial institutions in the 2025 Evident AI Index.

## Products & services

- **Personal Banking** — Chequing and savings accounts, cards, mortgages, personal loans, investments, payments and digital banking for Canadian consumers.
- **Commercial Banking** — Deposits, lending, cash management, trade and advisory services for small, mid-market and larger Canadian businesses.
- **Wealth Management** — Full-service advice, direct investing, private banking, asset management, trust and estate services in Canada, the U.S. and Europe.
- **Insurance** — Life, health, travel, home, auto, creditor and group insurance distributed directly and through partners.
- **RBC Capital Markets** — Corporate and investment banking, global markets, research, transaction banking and financing for institutional and corporate clients.
- **RBC Mobile and Online Banking** — Digital access to banking, payments, investing and financial management; RBC launched internet banking in 1996.
- **Avion Rewards** — A loyalty platform that lets members earn and redeem points across travel, merchandise, gift cards and financial products.

## Achievements

- Completed the HSBC Canada close-and-convert technology migration for more than 780,000 clients in one weekend in March 2024.
- Reported C$5.5 billion of net income in Q2 2026, up 25% year over year.
- Ranked first in Canada and third among 50 global financial institutions in the 2025 Evident AI Index.
- RBC Capital Markets was named Best Investment Bank in Canada and Best Research Bank in North America in the 2025 Euromoney Awards for Excellence.
- RBC Global Asset Management was named TopGun Investment Team of the Year for the ninth time in 2025.
- Reached more than 19 million clients and C$2.396 trillion in total assets by April 2026.
- Completed its C$100 million RBC Tech for Nature community-investment commitment by fiscal 2025.

## Latest updates

- **2026-08** — RBC announced a 2026-27 partnership with Wrexham AFC covering kit sponsorship, banking, wealth management and support for the club foundation.
- **2026-05** — RBC reported Q2 net income of C$5.5 billion, up 25% year over year, and announced a 7% dividend increase plus an intention to repurchase up to 45 million common shares, subject to approvals.
- **2025-10** — RBC ranked first in Canada and third globally in the 2025 Evident AI Index for banking AI maturity.
- **2025-04** — RBC said HSBC Canada integration activity was largely complete after cumulative transaction and integration costs reached about C$1.4 billion.
- **2024-03** — RBC completed the HSBC Canada acquisition and converted more than 780,000 clients onto RBC systems.

## Links

- Website: https://www.rbc.com/
- LinkedIn: https://www.linkedin.com/company/rbc
- Twitter/X: https://x.com/RBC
- YouTube: https://www.youtube.com/user/RBC
- Instagram: https://www.instagram.com/rbc/
- Facebook: https://www.facebook.com/rbc
- TikTok: https://www.tiktok.com/@rbc

---

Profile page: https://yespress.io/rbc
Published by YesPress — https://yespress.io
Last updated: 2026-08-23