Royal Bank of Canada (RBC) is to sell its Swiss private bank to Syz & Co, along with CHF 10bn ($10.5bn) under new management, as part of RBC's plan to streamline its private banking activities. The deal will see the sale completed by early next year, and the transaction valued at around $US1tn.
Royal Bank of Canada (RBC) is to sell its Swiss private bank to Syz & Co, along with CHF 10bn ($10.5bn) under new management, as part of RBC's plan to streamline its private banking activities. The purchase price for the unit has not been disclosed.