Annual Report Ry

Background
The Royal Bank of Canada (hereafter RY as it is known on the TSX and NYSE) has multiple US holdings, but it principle bank holding is RBC Bank is based in Raleigh, N.C.   It has total assets of more than $30 billion, ranking among the five largest banks in North Carolina, and the 38th largest bank in the country. RBC Bank has approximately 5,000 employees across the Southeast.   RBC Bank is especially fortunate to be a part of the RY family with its deep knowledge and experience.   RY is one of North America's largest and most stable financial institutions, backed with a strong financial profile.   RBC Bank clients enjoy the service, attention and relationships associated with a "hometown" bank, but with the depth of a global financial institution.   At the same time, RY’s US operations have posed a challenge to the company that raises questions about its long-run commitment to the US market.

Royal Bank of Canada (RY) and its subsidiaries operate under the master brand name RBC. RY is Canada's largest bank as measured by assets and market capitalization, and among the largest banks in the world, based on market capitalization. RY is one of North America's leading diversified financial service companies, and provide the following five segments; personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. It employs approximately 77,000 full- and part-time employees who serve more than 18 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 53 other countries.   RBC Bank itself is the product of more than 30 mergers and acquisitions since its founding in 1990.   After beginning as a merger of between two regional bank holding companies with a combined century-long heritage, RBC bank has grown to become a leading regional bank over the past two decades. (6)

Like every other major Canadian bank, RY...