RBC Dexia has been bought outright by Royal Bank of Canada, which was already a 50% stakeholder, and is to be rebranded RBC Investor Services.
Royal Bank of Canada acquired the remaining 50% stake of RBC Dexia from Banque Internationale à Luxembourg and now takes full ownership of the business with €2.1trn in client assets under administration.
Source: Portfolio Adviser. Read full article here.
