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E-Power Resources (C.EPR) Provides Tetepisca Exploration Update (click to learn more)
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Royal Bank of Canada T.RY

Alternate Symbol(s):  RBMCF | RYLBF | T.RY.PR.N | T.RY.PR.S | T.RY.PR.O | RY | T.RY.PR.H | T.RY.PR.J | RBCPF | T.RY.PR.M

Financial Services
Royal Bank of Canada is a global financial institution. Its business includes Personal & Commercial Banking, Wealth Management, Investor Services, Capital Markets and Insurance. The Personal & Commercial Banking comprises its personal banking operations and certain retail investment businesses in Canada, the Caribbean and United States, as well as its commercial and corporate banking operations in Canada and the Caribbean. Wealth Management provides a full suite of investment, trust and other wealth management solutions and businesses. Capital Markets provides public and private companies, institutional investors, governments and central banks globally with a range of capital markets products and services across its two main business lines, Corporate and Investment Banking and Global Markets. Insurance offers a range of life, health, home, auto, travel, wealth and reinsurance advice and solutions, and creditor and business insurance services to individual, business and group clients.


TSX:RY - Post by User

Royal Bank of Canada
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Post by badguesson Jan 24, 2009 3:23pm
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Post# 15726454

Thanks Factsfinder

Thanks FactsfinderGood work digging into the report and finding some real figures. From what I see the BOLI exposure is $9.4 B  which the BMO mouthpiece says is under market $2B in Oct and likely now $3B. If all the policies were suddenly cashed Royal would be on the hook for $3B.  Surely all the US assets are not worth zero and not all the policies are going to be redemed in the next quarter or all the 401 k's cashed. Royal set $148M aside last year for losses here and probably will again in the next qtr. A $3B loss on $9.4B is a huge proportion of what is supposed to be a conservative investment. Fear mongering is a lot of fun no doubt.
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Dealroom for high-potential pre-IPO opportunities