Euromoney 40th anniversary special: Focus on RBC Capital Markets - Cautious global expansion pays off
THERE HAS BEEN a growing sense of pride among Canadians over the past 12 months, and rightly so. Since the beginning of the global financial crisis, not one Canadian bank has had to be bailed out – indeed, the majority have remained profitable.
Recognition of the country’s success in averting a financial mess similar to those witnessed elsewhere has been growing. In October last year, the World Economic Forum ranked Canada as the world’s soundest banking system, with executives rating the country’s banks 6.8 out of 7 on a scale of insolvent to healthy. And the latest accolade has come from US president Barack Obama himself, who hinted that elements of the Canadian banking model might be emulated in the US.
Timothy Thompson, head of investor relations at...
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