Royal Bank of Canada (RY) may spend up to C$1B ($1.06B) to buy asset management firms that will...

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

Royal Bank of Canada (RY) may spend up to C$1B ($1.06B) to buy asset management firms that will strengthen its U.K., other European and Asian operations. Any deals would be part of the bank's aim to triple profit from wealth management by 2015.