Royal Bank

By: EconomyWatch   Date: 9 September 2010

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EconomyWatch

The core Content Team our economy, industry, investing and personal finance reference articles.

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Introduction
Royal Bank is one of the leading financial establishments of Canada. Royal Bank of Canada, works on the basis of three functional units namely Canadian consumer unit, international consumer unit and global wholesale unit. Each unit maintains their own explicit type of functions. For example, Canadian consumer unit deals with banking, insurance and investments; the international consumer unit deals with investments and banking in the US and abroad; and the global wholesale unit deals with capital markets, commercial and corporate banking.
Services

The Royal Bank banking of Canada engaged with the services like banking, investments, insurance and capital markets. Banking service consists of personal banking, business banking and corporate banking. The investment service comprises of personal, business and corporate investment. The insurance service comprises coverage against individuals and families, business and business representatives.

Banking divisions

Royal bank of Canada divides it's banking structure into three separate sections, which are personal banking, business banking and corporate banking.

  • Personal banking: This section concerned with services like accounts, mortgage investment, Visa card, loans, lines of credit, private banking etc. It can be said that this personal banking section of Royal Bank of Canada (RBC) provides a comprehensive package serve to meet the essential needs of personal banking in long term basis.
  • Business banking: This particular section provides some effective solutions for the small or commercial business to prosper. RBC provides an efficacious service, which is online business banking facility, through which customers can access their accounts with ease and at the same time, they can manage their business effectively.
  • Corporate Banking: This section deals with the personal, as well as business needs, by providing a comprehensive set of financial solutions to the corporates in Canada and all over the world. This section also deals with capital markets.

Investments

Investment is the procedure of using capital to produce more money. Royal bank banking of Canada provides some services through which customers can acquire capital gains. Royal bank of Canada provides some comprehensive range of investment solutions. From those solutions, customers can choose the one, which suits them the best. Some of the investment types are online investment, mutual funds investment, global private banking, financial planning, trust services, private banking etc.

Insurance

The customer(s) can be financially protected or they can be reimbursed against any sort of losses incurred if they insured themselves with some beneficial policies provided by Royal Bank of Canada. The policies are attractive and less expensive in nature. There are a wide range insurance policy coverages against individuals and families, home and property etc. Besides all these customers can also protect their automobiles, van, motorcycle etc with auto insurancd policy. Some effective advice are also given regarding policy and investment matters. Life insurance is of three categories like term, permanent and universal life insurance.

Capital market

RBC provides a wide range of products and services to corporations, institutioanl organizations, governments.


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