RE: talk of Trust conversion Two things to consider.
1. Are there any loss carry forwards on the RBC books? Any significant amounts would negate the need to trust.
2. Politics. This one is far more important. The banks are essentially an extension of the federal government. They are given the charter to run our money on a retail and business basis. They are a huge cashflow for the feds and one whiff that these "children" wish to trust would not be met favourably.
In summary, I doubt that the banks will trust.
In spite of this, I bought some RY today. I feel it has been pounded down enough in the last few days by whoever is selling it. Why they are selling, I am not sure. Perhaps long term holders are cashing in on the long runup in these stocks, as it is not just RY that has been down in the last week.
Larsen6