Royal Bank, Koch team up
Article Abstract:
Royal Bank of Canada has formed an alliance with US oil patch giant Koch Industries to provide customers with better pricing on energy and other weather-hedging derivatives. In addition to giving access to each other's energy-related trading and derivatives businesses, the alliance also allows both companies to develop joint products. Royal Bank, in particular, is noted for its weakness in advising clients on mitigating commodity-based risk and the deal could help the bank cover up that weakness.
Comment:
Forms an alliance with Royal Bank of Canada to provide customers with better pricing on energy and other derivatives
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Wal-Mart, TD team up to offer new credit card
Article Abstract:
Wal-Mart Canada Inc., a retailing company, is expected to confirm plans to forge an alliance with Toronto Dominion Bank (TD) to offer customers of Wal-Mart with credit card. Both Wal-Mart and TD declined to comment on the proposed alliance but sources said the new effort would involve a Wal-MartTD Visa card comparable to the Chase Wal-Mart card offered to Wal-Mart's customers in the US. Wal-Mart, which still has no in-house card, has been scouting for a credit card partner during the past months.
Comment:
Is expected to confirm plans to forge alliance w/ Wal-Mart Canada Inc to offer Wal-Mart customers credit card
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Royal, B of M planned to pump billions into Harris Bank
Article Abstract:
Harris Bankcorp Inc of Chicago, IL, would have received C$ 4 billion from Royal Bank of Canada and Bank of Montreal if the Canadian goverment had allowed their planned merger to push through. Harris Bank, wholly owned by Montreal, would have given the Royal Bank the platform from which it could expand its US operations. Harris Bank posted a profit of $202.7 million on revenue of $1.25 billion.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Global Strategy to merge funds. Trimark investors pull out $1-billion. Wal-Mart takes expansion up a notch
- Abstracts: AT&T turns up Internet heat. GTE, Bell Atlantic discuss joining forces. Sprint introduces all-day 10-cent long-distance rate
- Abstracts: Magna unit to assemble Mercedes SUV. Four Canadian car plants make top 10 efficiency list. Meridian might sell its aluminum plants
- Abstracts: Prime Equities shifts to medicine from mining. Alcoa, Alumax delay decision on investing in B.C. smelter. RJR layer questions smoking-related law
- Abstracts: Sprint unveils new rate plan. Sprint launches local service in Calgary