Royal Bank of Canada T.RY

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

Financial Services Banks - Global

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.

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Royal Bank of Canada

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Comment by HybridSlinkyon Nov 02, 2009 12:39pm

409 Views

Post# 16444526

RE: Barrons

"Thanks to strict regulation, Canada's banks don't make subprime loans," Barrons said.

Instead the Canadian government has become the largest subprime mortgage holder in the world. We've yet to see the ramifications of Capmark's demise. Capmark's failure was a game changer. The commercial real estate market looks to be on the verge of implosion. On top of that the Canadian banks stand to lose billions of dollars in the US real estate market. $16 billion dollars in the residential real estate market is not chump change.

I'm not sure many take Barrons as seriously as they used to after a slew of bad calls.

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