The Royal Bank of Canada, if you couldn't tell, is a Canadian company. It is the largest financial institution in Canada. It started as the Merchants' Bank in Halifax, Nova Scotia, which was founded in 1864 by a small group of enterprising Halifax merchants: J.W. Merkel, Edward Kenny, T.C. Kinnear, John Duffus, William Cunard, John Tobin, George P. Mitchell, Jeremiah Northup. The Merchants' Bank focused mainly on financing the fishing and timber trade, and the annual flow of retail goods from Europe into the colony. The bank then received a federal charter in 1869 under the name of the Merchants' Bank of Halifax. As the bank continued to grow, they chose the name “The Royal Bank of Canada” in 1901 to distinguish themselves from other banks. Then in 1990 they shortened their legal name to “Royal Bank of Canada”. The Royal Bank of Canada, now operates under the adopted brand name of "Royal Bank Financial Group" or RBC.
Royal Bank, wanting to expand to more parts of the world, established a branch in Havana in 1899 to take advantage of trade in sugar, cocoa, tobacco, and other Caribbean staples. This started the steady expansion of Royal Bank throughout the Caribbean and Latin America. The bank expanded to 121 international branches, stretching from Rio de Janeiro in the south to Honduras in Central America by 1925. They then established branches in London, Paris, Barcelona and New York to improve trade financing and foreign exchange with the Caribbean and South America. Under the leadership of John E . Cleghorn from 1995 to 2011, Royal Bank transformed into a broad-based financial services group. To expand further into America, they started listing common shares on the New York Stock Exchange in 1995. They also acquired Security F...
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...onetary value, but in the end would make them fully sustainable. Third and finally, by continuing to offer financing and capital for new green energy sources and other companies to improve sustainability would not only help them reach their own green goals, but provide others with the ability to be fully sustainable.
In conclusion, Royal Bank of Canada is a fully capable, and sustainable company that has a bright future and is helping to make our world a better place.
Works Cited
http://www.rbc.com/aboutus/20070426newsweek.html
http://www.rbc.com/history/quicktofrontier/future.html
http://en.wikipedia.org/wiki/Royal_Bank_of_Canada
http://www.thecanadianencyclopedia.com/index.cfm?PgNm=TCE&Params=A1ARTA0006977
http://www.eluta.ca/green-at-rbc
http://en.wikipedia.org/wiki/RBC_Centre
http://www.rbcroyalbank.com/business/financing/solar-panel-financing.html
One could still see the path of this transition by assessing the path dependency of the oldest corporation in Canada. Hudson’s Bay Company (HBC) was founded in the late 17th century. It was largely a fur trading operation through the idea of monopoly. HBC was founded upon the principles of Mercantilism with the guidance of British ideologies. As Canada transitioned towards an independent and self-sustaining state, companies such as HBC transitioned their company’s ideologies accordingly. This paper will focus on how HBC has fit into a mercantilist framework and how over time it has developed into a so...
Firstly, by building the world’s first transcontinental railway, Sir John A. Macdonald contributed to the economy and efficiency of Canada. One of the major arguments of British C...
It will be advantageous for the company if they can project themselves as responsible corporate citizen and an environment friendly company. Social enrichment schemes, recycling schemes and educational funds can be initiated to cater to this cause and long term goal.
It is the oldest venture in Canada and it inspired many by its dominance in the fur trading industry during its early years. They equipped their own armies, minted their own coins and even issued their own medals. The company had controlled fully one-third of present-day Canadian territory and was thought by many to be a kingdom by itself in the fur industry. They had trading posts from the very north Arctic Ocean to Hawaii and as far south as San Francisco. HBC's revenue didn't simply generate from this one-way trade in furs to Europe.
Flaherty, Edward. 1997. A Brief History of Banking in the United States <http://odur.let.rug.nl/~usa/E/usbank/bank03.htm> (accessed 12-12-99)
With forward movement in society, it is important to consider not just what will propel most toward success, but also what will help to sustain the environment along the way. What may have been considered appropriate decades ago, may no longer be socially acceptable due to the changes observed in both the business world and the environment (Fiske, 2010). Therefore, it is important for organizations thriving in today?s economy to consider how they may capitalize most effectively from their product or service of choice while minimizing or eliminating any damages along the way (Knoke, 2012).
... to service our current needs. It is also important that they are committed to the ongoing investment in technology required to deliver the securities, cash and investment management support services we require. The Bank of New York is a well-established financial institution that has outlasted numerous financial hardships, including the Great Depression. It has a long history of providing excellent services to its customers. In the present day, The Bank of New York continues to live up to that reputation by offering its customers a variety of financial services. The future can only get better for the Bank of New York. With the technological era in full swing, the Bank of New York is taking full advantage by specializing in technological securities. In conclusion, The Bank if New York is a historical financial institution that played an important role in the economic growth of the United States. No other bank can say that it has done as much for the United States as has done the Bank of New York.
Founded in 1937 as a housing based financial institution, St. George as Australia's foremost building society have now become Australia's fifth largest bank and one of the top 20 publicly listed companies in Australia. St. George has business spanning all the aspects of the financial industry including retail banking, institutional & business banking, and wealth management. The emphasis St. George has on its customers makes St. George stands out from other Australian banks. Customer service is St. George's priority in business culture, they are constantly investing and developing better relationship with its customers2.
...s is priceless. Whether it’s through public awareness or implementation of policies, the end goal and objective is to provide sustainability for future generations ahead.
Bank of Montreal History Nine people together established BMO which were merchants and financiers. • John Richardson was the leader also known as “Father of Canadian Banking”. He has represented Montreal in legislature of Lower Canada and was appointed to the Executive Council and Legislative Council. •
The company’s strongest impact and contribution to sustainability lies in the critical parts of their business which leads to the success and diversity of our associates (customers), food safety, health and nutrition, strong supply chain, environmental factors, and community/stakeholder engagement and impact of the people along with the CSR initiatives.
The Bank of Canada is Canada’s central bank, whose current Governor is Mike Carney. It was founded in 1934 by the Bank of Canada Act of the same year. The country’s banking system was quite stable even before the Bank of Canada was established, mainly thanks to its branch banking structure, and showed little interest in central banking in the early 1900s. In addition, the banking system was somewhat being regulated by the Canadians Bankers’ Association. However, as the Great Depression took Canada by storm, talks about its then financial state were brewing. Some even questioned the country’s ability to meet larger demands. The central bank was formed from the Act in 1934, and starting running in 1935, but as a privately owned institution. Then, when William Mackenzie King was re-elected as Prime Minister after a full term by Richard Bennet, the new government made an amendment to the Bank of Canada Act, making the bank publicly owned by 1938, as it is today (Bank of Canada: History). Its primary objective was to be able to support financial and economic wellbeing of our country (Go Currency: Bank of Canada). In that way, it has many roles and functions as a central bank, which I will expand in the coming paragraphs.
Stuart Hart, in a business article, discusses the tough task for companies to make a sustainable global ec...
= = = = National Westminster Bank came into being in 1968 when National Provincial Bank and Westminster Bank merged and began trading on 1st
Important companies like Shell, DuPont, BP has been reorganised to generate profits from this green market of goods and services. In this sense, it may sound altruistic, "the sustainability", the logic of profitability and competition is what will determine the ability of companies of the future to meet the changing needs of consumers.