Gordon Nixon News
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Royal Bank of Canada, the country’s largest lender by assets, said second-quarter profit rose 26 percent as acquisitions fueled returns.
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Canada’s banking regulator Julie Dickson says that her agency is a dark place, and that gives her comfort as she prepares to enter her final year on the job.
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Canadian companies must “aggressively pursue” new export markets to keep the country from falling behind other nations, said Gordon Nixon, chief executive officer of Royal Bank of Canada.
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Canadian banks still struggle to keep women in capital markets even as the industry has moved beyond the “locker room” attitudes that have discouraged them in the past, said Gordon Nixon, chief executive officer of Royal Bank of Canada.
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Royal Bank of Canada, the country’s largest bank, has backed away from recent Canadian takeover opportunities because they didn’t meet the company’s goals, Chief Executive Officer Gordon Nixon said.
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Gordon Nixon, chief executive officer of Royal Bank of Canada, said he doesn’t expect the bank to make many “transformational” acquisitions.
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U.S. banks have resisted the move to split the role of chief executive officer and chairman in part because of pride and culture, Royal Bank of Canada CEO Gordon Nixon said.
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Royal Bank of Canada Chief Executive Officer Gordon Nixon was paid more than his counterparts at JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc. as record earnings last year helped most Canadian bank CEOs narrow the pay gap with the U.S.
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Royal Bank of Canada Chief Executive Officer Gordon Nixon said he doesn’t plan to be the head of Canada’s biggest bank into his mid 60s, though his retirement isn’t “imminent.”
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Canadian lenders including Royal Bank of Canada and Toronto-Dominion Bank decided more than a year ago to target business loans and wealth management because record consumer lending was bound to dry up.
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