Topic > RBC: History and Sustainability - 1162

The Royal Bank of Canada, if you don't recognize it, is a Canadian corporation. It is Canada's largest financial institution. It began as the Merchants' Bank in Halifax, Nova Scotia, founded in 1864 by a small group of enterprising Halifax merchants: J. W. Merkel, Edward Kenny, T. C. Kinnear, John Duffus, William Cunard, John Tobin, George P. Mitchell, Jeremiah Northup. The Merchants' Bank focused primarily on financing the fishing and lumber trade and the annual flow of retail goods from Europe to the colony. The bank then received a federal charter in 1869 under the name Merchants' Bank of Halifax. As the bank continued to grow, they chose the name “The Royal Bank of Canada” in 1901 to distinguish themselves from other banks. Then in 1990 they shortened their legal name to “Royal Bank of Canada”. The Royal Bank of Canada, now operates under the adopted brand of "Royal Bank Financial Group" or RBC. The Royal Bank, wanting to expand to more parts of the world, established a branch in Havana in 1899 to benefit from the trade of sugar, cocoa, tobacco and other Caribbean products. This began Royal Bank's steady expansion into the Caribbean and Latin America. The bank expanded to 121 international branches, stretching from Rio de Janeiro in the south to Honduras in Central America by 1925. They later established branches in London, Paris, Barcelona, ​​and New York to improve trade financing and foreign exchange with the Caribbean and South America. . Under the leadership of John E. Cleghorn from 1995 to 2011, Royal Bank transformed into a broad-based financial services group. To expand further into America, in 1995 they began listing common stock on the New York Stock Exchange. They also acquired Security F... half paper... with monetary value, but would eventually make them fully sustainable. Third and finally, by continuing to offer financing and capital to new green energy sources and other companies to improve sustainability, we would not only help them achieve their own green goals, but provide others with the ability to be fully sustainable. In conclusion, Royal Bank of Canada is a fully capable and sustainable company that has a bright future and is helping to make our world a better place. Works Cited http://www.rbc.com/aboutus/20070426newsweek.html http://www.rbc.com/ History/quicktofrontier/future.htmlhttp://en.wikipedia.org/wiki/Royal_Bank_of_Canadahttp://www .thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0006977http://www.eluta.ca/green-at- rbchttp://en.wikipedia.org/wiki/RBC_Centrehttp://www.rbcroyalbank.com/business /financing/solar-panel-financing.html