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

|About: Royal Bank of Canada (RY)|By:, SA News Editor

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.