| Royal Bank of Canada (RBC) is a diversified financial services company. It provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. The Company operates through four business segments: Canadian Banking, Wealth Management, U.S. & International Banking and Capital Markets. Canadian Banking comprises its domestic personal and business banking operations. Wealth Management comprises businesses that directly serve the growing wealth management needs of high-net-worth clients in Canada, the United States and outside North America. U.S. & International Banking comprises the Company's banking businesses outside Canada. In addition, this segment includes its 50% ownership in RBC Dexia Investor Services (RBC Dexia IS). Capital Markets comprises the Company's global wholesale banking business. In May 2008, RBC acquired Phillips, Hager & North Investment Management Ltd. |
