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 fcabreseon Nov 02, 2009 1:50pm

424 Views

Post# 16444804

RE: RE: Barrons

Instead the Canadian government has become the largest subprime mortgage holder in the world.

Huh? Do you know what a subprime mortgage is? Canadian banks didn't make subprime loans because a crown corporation, CMHC, and Canada's largest private default insurer, Genworth, made certain no sub-prime loans were made. The CMHC-insured loans that I'm sure you're referring to are NOT sub-prime loans. Happily, in order for CMHC to insure your mortgage, you actually need decent credit and an income, not like the sub-prime, NINJA loan mess in the States.

And if commercial real estate in Canada is on the verge of implosion, why is the occupancy rate finally starting to improve? And correction - 16 billion dollars (if the Cdn banks lost EVERY SINGLE PENNY) they had in the US residential mortgage market IS chump change for our banks.

Sorry to burst your bubble.

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