Can RBC get back on track?

Article Abstract:

Gordon Nixon, the CEO of Royal Bank of Canada (RBC), that has had its major management shakeups, states that the management changes were in relation to boosting productivity, reducing expenses and serving customers better. RBC spent $8.4 billion on US acquisitions since 2000 but earned just $352-million on the investment.

Commercial Banks, Sales, profits & dividends, Management dynamics, Executive changes & profiles, Banking industry, Management, Officials and employees, Company sales and earnings, Company earnings/profit, Company business management, Nixon, Gordon

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Telesat takeover part of industry makeover

Article Abstract:

The BCE Inc. of Canada has agreed to sell Telesat Canada to a joint venture formed by Canada's Public Sector Pension Investment Board (PSP Investments) and Loral Space and Communications Inc. based in New York. The buyers will also assume $172-million of debt.

Telephone communications, exc. radio, Communication services, not elsewhere classified, Public Empl Pension Funds, United States, Loral Space and Communications Ltd., Satellite communications services industry, Telesat Canada, Public employee pension funds

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RT Capital put on the block

Article Abstract:

RT Capital Management Inc, the largest privately owned pension fund manager in Canada, will be divested by the Royal Bank of Canada. The exorbitant cost of foreign equity expertise is the reason for the sale.

Asset sales & divestitures, Private Pension Funds, Statistical Data Included, RY, RT Capital Management Inc.

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