Answer: The Royal Bank of Canada
The Royal Bank of Canada is the largest financial institution in Canada, which is measured by deposits, revenues, and market capitalization. The bank serves seventeen million clients and has 80,100 employees worldwide. The company's primary corporate offices are located in Toronto, Ontario, while it is officially headquartered in Montreal, Quebec. The bank was founded in 1864 in Halifax, Nova Scotia.
In Canada, the bank is branded as RBC Royal Bank in English and RBC Banque Royale in French and serves approximately ten million clients through its network of 1,197 branches. RBC Bank is the US retail banking subsidiary with 439 branches across six states in the Southeast, which serve more than a million customers. RBC also has 127 branches across seventeen countries in the Caribbean, which serve more than 1.6 million clients. RBC Capital Markets is RBC's worldwide investment and corporate banking subsidiary, while the investment brokerage firm is known as RBC Dominion Securities. Investment banking services are also provided through RBC Bank and the focus is on middle market clients.
RBC is listed as the largest Canadian company by revenue and market capitalization by The Globe and Mail and is ranked at number 53 on the Forbes Global 2000 listing. The company has operations in Canada, the United States, and 48 other countries.
