Seeking Alpha

Royal Bank of Canada (RY) is trying to sell its U.S. banking operation after consistently losing...

Royal Bank of Canada (RY) is trying to sell its U.S. banking operation after consistently losing money on it for several years. It marks a retreat from $4.6B invested over the past decade to establish a strong presence in the southeast. It's not clear which U.S. bank might be interested in the purchase.
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