Royal Bank of Canada (RBC) is to sell its Swiss private bank to Syz & Co, along with CHF 10bn ($6.8bn) 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.
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.