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News Breaks | | | | February 11, 2013 | | 06:13 EDT |  | RY | RBC approved to buy Ally's Canadian finance, deposit unit, Reuters reports
Canada's Competition Bureau approved the Royal Bank of Canada's (RY) plans to buy the Canadian auto finance and deposit arm of Ally Financial, reports Reuters. The deal is worth about $3.7B, said RBC, adding that its investment net of excess capital is in the range of $1.4B.Reference Link | |
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News For RY From The Last 14 Days Check below for free stories on RY the last two weeks. |
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| May 16, 2013 | | 12:32 EDT |  | RY | EU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link | | | May 14, 2013 | | 06:19 EDT |  | RY | Royal Bank of Canada upgraded to Equal Weight from Underweight at Morgan Stanley
| | | May 13, 2013 | | 06:49 EDT | | RY | ECB member says negative deposit rates would help economy, Reuters says
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