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Top related persons:
Carlos Osorio - 1 Dave McKay - 1 Greg Carmichael - 1 Mike Rizvanovic - 1 Rizvanovic - 1 Jaiveer Singh - 1 Balu - 1 Maju Samuel - 1
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Toronto , Ontario Canada Los Angeles California U.S Santa Clara Bengaluru Toronto
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Royal Bank of Canada - 1 REUTERS - 1 RBC - 1 City National - 1 Valley Bank - 1 Fifth Third Bancorp - 1 City - 1 Thomson - 1

Search resuls for: "Greg Carmichael"


2 mentions found


☆ Canada's RBC injects capital into City National to bolster US subsidiary's liquidity
  + stars: | 2023-09-29 | by ( ) www.reuters.com   time to read: +2 min
A sign for the Royal Bank of Canada in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio Acquire Licensing RightsSept 29 (Reuters) - Royal Bank of Canada (RBC) (RY.TO) on Friday said it had injected capital into City National to strengthen the Los Angeles-based subsidiary's liquidity position and pay down higher-cost borrowing. "This is part of the management actions that RBC is taking on the path to improving profitability at City National" an RBC spokesman told Reuters. RBC, which bought City National in 2015 for $5.4 billion, said in August that the subsidiary's losses in the third quarter stood at $38 million, compared with a profit of $102 million a year ago. RBC has also hired Greg Carmichael, the former CEO of U.S. regional lender Fifth Third Bancorp, to sit on City National's board.
Persons: Carlos Osorio, Dave McKay, Greg Carmichael, Mike Rizvanovic, Rizvanovic, Jaiveer Singh, Balu, Maju Samuel, Paul Simao Organizations: Royal Bank of Canada, REUTERS, RBC, City National, Reuters, Valley Bank, Fifth Third Bancorp, City, Thomson Locations: Toronto , Ontario, Canada, Los Angeles, California, U.S, Santa Clara, Bengaluru, Toronto
☆ Signature Bank becomes next casualty of banking turmoil after SVB
  + stars: | 2023-03-13 | by ( Hannah Lang Nupur Anand | Hannah Lang | Nupur Anand | ) www.reuters.com   time to read: +4 min
March 12 (Reuters) - State regulators closed New York-based Signature Bank (SBNY.O) on Sunday, the third largest failure in U.S. banking history, two days after authorities shuttered Silicon Valley Bank (SIVB.O) in a collapse that stranded billions in deposits. All of the depositors of Signature Bank and Silicon Valley Bank will be made whole, and "no losses will be borne by the taxpayer," the U.S. Treasury Department and other bank regulators said in a joint statement. Signature's failure followed Silicon Valley Bank's Friday shutdown, the second largest in U.S. history behind Washington Mutual, which collapsed during the 2008 financial crisis. Signature Bank's depositors and borrowers will automatically become customers of the bridge bank, the FDIC said. Signature Bank cut ties with Trump in 2021 following the deadly Jan. 6 riots on Capitol Hill, and urged Trump to resign.
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