Royal Bank of Canada reckons it is in a good position to capitalize on opportunities in a rising rate environment – and has room to grow in investment banking.

It was another strong year for Royal Bank of Canada (RBC), which saw increased provisioning at the start of the pandemic but had good performance throughout and is now well placed to benefit from the post-crisis recovery. Once again it is Euromoney’s choice as Canada’s best bank.

A history of patient investment meant Royal Bank of Canada was well-placed to navigate a turbulent year.

The US’s PNC Financial Services and Royal Bank of Canada win the best bank accolades in their respective countries in this year’s Euromoney Awards for Excellence.

Until the coronavirus crisis, it was a familiar year for RBC Capital Markets in the awards period. As usual, the bank faced strong individual competitors in almost every business, product or sector in which it operates, but no firm rivals it across the board.

Hedge funds and real money clients looking to shake up their FX trading strategy now have the option of basing their trades on proprietary market analysis from RBC.

The bank is penetrating deeper into its home markets to complement its long-standing international growth initiatives.

Asian private wealth is distinct from elsewhere in the world and must be served with a different model. Entrepreneurial wealth, changing digital delivery channels and gradual engagement with socially responsible investment all present challenges and opportunities for private banks in the region.

Canada’s investment banking franchises have had a challenging environment to deal with in 2018 and 2019. But RBC Capital Markets has weathered the situation well and is Canada’s best investment bank.

UK corporate broking is the business that won’t die. There is no requirement for it outside the smallest listed firms, and corporates the world over manage without it. Yet UK companies almost always want the reassurance it provides. Is it finally under threat?

The Royal Bank of Canada is appealing a judge’s scathing verdict that it sacked a former trader in London for blowing the whistle on lax compliance, citing a ‘robust compliance culture’.

A mature economy and limited room for domestic growth tends to push Canada’s biggest firms into foreign forays. And fortunately for RBC Capital Markets, they often choose to do that supported by Canada’s best investment bank.

A senior currency trader fired from Royal Bank of Canada is taking the bank to task at an unfair dismissal hearing that includes accusations of sloppy trading, alleged bribery and an 'incoherent and inconsistent' global FX policy that he claims no one had bothered to read.

Canada's leading bank is increasingly leaning over its neighbour's fence

A seventh year of record earnings in the fiscal period 2016 – and a first half of 2017 that promises another blockbuster year – saw TD Bank prove yet again that it is the franchise to beat in Canada. The firm’s unrivalled breadth and depth secure it Euromoney’s best bank in Canada award for another year.

Worsening conditions in the energy and commodity sectors were not enough to unsettle RBC Capital Markets in its continued dominance of the Canadian investment banking landscape, for which it again wins Euromoney’s best investment bank in Canada award. Cross-border work continues to be a big theme, with highlights including advising Enbridge on its $43.4 billion merger with Spectra Energy of the US, the largest ever acquisition by a Canadian firm, completed in March 2017. Smaller, but arguably more eye-catching for the way in which it showcased the bank’s ability to act across asset classes when needed, was its financing work for the $13 billion acquisition of Columbia Pipeline Group by TransCanada Pipelines.

Results index RBC Capital Markets wins Euromoney’s award for best bank for markets in North America. It is one of the few financial institutions that can claim to be a top player in both the US and Canada. In the US where it competes with domestic banks, the Canadian firm has succeeded in growing revenues in its fixed income, currencies and commodities business by 3.2% since 2012, gaining market share as US banks reduced their balance sheets.

JPMorgan Chase wins best bank in the US; RBC Capital Markets and Bank of America Merrill Lynch pick up multiple awards; execution, CSR and digital are the new battlegrounds for financial institutions.

The banking business of RBC Caribbean was close to dissolution less than three years ago but is now on a path towards profitability and reconnection with the communities that it serves. Kirk Dudtschak, the bank’s executive vice-president, was in the eye of the storm.

RBC Capital Markets’ retreat from eurozone primary dealerships looks portentous rather than idiosyncratic.

Broader investor base spurs historic issue; other foreign banks to follow suit.

Deutsche Bank, JPMorgan and Barclays continue to slug it out at the top of the market-share tables for crisis-hit credit trading. But when it comes to quality over quantity, RBC Capital Markets is the firm to watch.

RBC Dexia has been rated the custodian bank that provides the most transparent foreign exchange rates in the 2012 global custody survey, conducted by EuromoneyFXNews’ sister-publication, Global Investor.

RBC Capital Markets has announced it is connecting to Medusa, Digital Vega’s multi-dealer FX option platform.

RBC believes the overhaul of its electronic trading platform is going to pay dividends in this year’s Euromoney FX survey.

Royal Bank of Canada has become the first Canadian bank to act as a market-maker through the RTFX FX trading platform, a marketplace of more than 650 financial institutions, as it seeks to expand its global coverage of foreign exchange, particularly in Asia.

Canadian bank sees great potential to distribute credit investments; BlueBay’s founders hope clients will take comfort from RBC’s capital strength

To commemorate its London centenary, RBC sent umbrellas to clients. Euromoney wondered whether any banks had plans to celebrate anniversaries for their businesses in Canada, and if so what would they send round.

Royal Bank of Canada had a great crisis, and it’s thriving through the recovery as well. It has established its position as one of the biggest, as well as best-run, banks in the world. But its new prominence brings added pressure and responsibility to RBC’s long-serving chief executive, Gordon Nixon. He spoke to Clive Horwood.

Canadian bank to hire slew of new managing directors; focus will be on ECM and M&A in Europe.