RBC agrees to sell Jamaican operations

|By:, SA News Editor

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."