| Royal Bank of Canada provides banking and financial services to individuals, small and medium-sized businesses, and mid-market commercial clients in Canada, the United States, and internationally. The bank offers a range of financial services, including deposit accounts, investments and mutual funds, credit and debit cards, business and personal loans, and residential and commercial mortgages. It provides wealth management services, including full-service and self-directed brokerage, financial planning, investment counseling, personal trust, private banking, and investment management products and services. The bank offers a range of insurance products, including creditor, life, health, travel, home, auto, and reinsurance products and services. In addition, it provides specialized transaction-processing services, including custody, investment administration, correspondent banking, cash management, payments, and trade finance to business, commercial, corporate, and institutional clients. The bank operated approximately 1,416 branches and 4,372 automated banking machines, as of October 31, 2004. The bank was founded in 1864 as the Merchants Bank and changed its name to Merchants' Bank of Halifax in 1969. It changed its name to The Royal Bank of Canada in 1901. Further, the bank changed its name to Royal Bank of Canada in 1990. Royal Bank is headquartered in Toronto, Canada. |
