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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> RBC

Advisory teams' evolving compensation structures

Posted by RJ and Makay on Mar 02, 2012

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Advisory TeamsOn Wall Street magazine has compiled the compensation plans of the large wirehouses and regional firms to see what’s in store for advisors at those firms.  Annual production rankings measured firms at various levels of production from $200,000 to $1 million.  The 2012 compensation story is more than the rankings or the team-based awards.

Many U. S. firms see business interruptions after Japan disaster

Posted by RJ and Makay on May 03, 2011

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The March earthquake in Japan has caused more than a quarter of large U.S. based businesses to experience supply chain disruptions or contingent business interruptions.

Most of these companies have Contingent Business Interruption insurance, known as CBI, which covers such interruptions of normal operations and income.  Some of the covered companies still face significant risk, according to a new Greenwich Market pulse study.

Regional banks may be interested in RBC retail Unit

Posted by RJ and Makay on May 03, 2011

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U.S. banks BB&T Corp. (BBT) and PNC Financial Services Group (PNC) are among other lenders showing interest in Royal Bank of Canada’s struggling U.S. consumer banking business, according to a Bloomberg report.

RBC purchased North Carolina based Centura Banks, since renamed RBC Bank, in 2001 for $2.2 billion (C$3.5 billion at the time).  RBC Bank has lost money for 10 straight quarters and been on the sales block since earlier this year.

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