Toronto Escorts

RBC Exits U.S. Retail

SkyRider

Banned
Mar 31, 2009
17,572
2
0
No surprise. The U.S. is a tough market even for indigenous U.S. banks. I remember we were surprised that RBC paid 3 times book value when they acquired Centura some years ago.
 

rafterman

A sadder and a wiser man
Feb 15, 2004
3,423
77
48
It can be done evidence TD in the U.S. where it now has more branches than in Canada.
 

rafterman

A sadder and a wiser man
Feb 15, 2004
3,423
77
48
Is TD actually making money in the U.S.? I heard their northern branches had a lot of crummy mortgage loans.
I think they are but the profit margins are a lot tighter in the U.S. and I think their return on equity is about half of what it is in Canada. I think the Canadian banks get a lot more dollars out of every customer here than they do in the U.S. on average.

I don't think the Royal ever made money down South.
 
Ashley Madison
Toronto Escorts