Content and data provided by various third parties and Fidelity - Terms of Use
Print.Print
Small font size A Larger text size A Largest text size A

Market Chatter: Royal Bank of Canada Eyeing US Acquisition Targets, CEO Dave McKay Says

BY MT Newswires | ECONOMIC | 09/26/25 08:00 AM EDT

08:00 AM EDT, 09/26/2025 (MT Newswires) -- Royal Bank of Canada (RY) is keeping tabs on a number of possible US acquisition targets to expand its business south of the border, Bloomberg News reported Friday, citing Chief Executive Dave McKay.

"It wouldn't be asset management. It would be on the wealth-distribution side," McKay was quoted as saying by Bloomberg News. "We want more customers, we want that relationship."

McKay described the possible takeover targets as "high-quality wealth franchises" that could be sought by rivals.

"It would be, I think, a very aggressive bid for them by a number of players and, therefore, can you make the numbers work?" he was quoted as saying.

McKay said the company would also be open to wealth management deals in the UK and Asia, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

More Fixed Income News

All Fixed Income News

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

© 1998 – 2014 FMR LLC.

All rights reserved.
fir_news_article