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RBC Mulls U.S. Retail Unit Sale

Royal Bank of Canada is considering a sale of its U.S. consumer bank.

Royal Bank of Canada (RBC) is considering a sale of its U.S. consumer bank, The Wall Street Journal reports. JPMorgan Chase has been appointed as the adviser for the possible sale.

The retail bank’s potential buyers include BB&T, U.S. Bancorp and PNC Financial Services Group. RBC’s U.S. retail operation has about 420 bank branches located in six southeast states.

Click here for the story from The Wall Street Journal.

Click here for the additional coverage from Reuters.

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