Description: Following in the footsteps of Scotiabank, Royal Bank of Canada announced that its shutting down its international client-wealth-management business in the Caribbean along with some businesses in Canada and the United States. This will likely impact 300 employees.

Source: Financial Post

Date: November 21, 2014

Video and Text Link: http://business.financialpost.com/2014/11/20/rbc-restructuring/

Questions for Discussion:

1. What are some of the reasons for this restructuring?
2. Should Canadian banks curtail their international expansion plans?
3. Do you see Canadian banks laying off more employees in the near future?