- Royal Bank of Canada (RY -0.8%) will book an estimated loss of C$60M on the sale which is expected to be finalized in the coming months.
- "Consistent with our strategy of being a competitive leader in the markets where we operate, we determined after a careful and thorough review that the best decision for the long-term future success of RBC Jamaica was to sell it."
- Press release
RBC agrees to sell Jamaican operations
Jan 29 2014, 11:05 ET