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