VENTURE CAPITAL POST

The Royal Bank of Canada ousted its CFO, Nadine Ahn, due to an undisclosed relationship leading to preferential treatment, which violates the bank's code of conduct.

The Royal Bank of Canada has released an official statement, explaining that the bank is not guilty for any illegal activities including tax evasion in connection to shell company set up as mentioned in leaked papers from Panama’s Mossack Fonseca. The bank claimed to have high standards to ensure clients would not use its services to evade tax.

All the major European banks are either shrinking their businesses or just pulling out from the US market. Ignoring the market odd, RBC has strengthened its operations in the less competitive market and capable of getting enlisted among the ten largest US banks. Getting inspired, RBC plans for further strengthening its US investment arm.

Dividend stocks are investors favourite during the economic uncertainty. Dividends signal a strong performance by the company and it also allows investors to make some return on investment during the tough time.

Cap Gemini plans to buy United States-based IGATE Corp for $4 billion cash to make North America its biggest market and is raising its sales outlook for 2015 after a solid first-quarter, the French IT services company said on Monday.

Technology companies pose a competitive threat to established lenders, the head of Royal Bank of Canada said on Friday, adding he was keen to work with start-ups to improve the company's mobile offerings.

Exterion Media Group, the European outdoor advertising company owned by private equity firm Platinum Equity LLC, is exploring strategic alternatives, including a major acquisition, according to people familiar with the matter.

Royal Bank of Canada (RY.TO) said on Tuesday it pulled out of and forfeited fees in the Alibaba (BABA.N) initial public offering, after an employee commented on the deal during the quiet period before the world's largest IPO.

Chicago, Illinois-based travel booking site Orbitz Worldwide snapped up Southlake, Texas-based private-label travel solutions firm Travelocity Partner Network, the affiliate network of Travelocity, for an undisclosed amount.

The top dealmaker for Canadian retail mergers and acquisitions for 2013 is the Royal Bank of Canada, data from Bloomberg revealed. RBC has held the top spot for the third straight year.

Britain's Barclays PLC, Japan's Nomura and the Royal Bank of Canada are leading the loan financing for Hellman & Friedman LLC's buyout of Scout24. The classified advertising business will be bought for EUR700 million in debt funding.

Canada's largest lenders are turning to wealth management to spur growth in the wake of the slowdown in capital markets and lesser borrowing among consumers, a Bloomberg report said.

Royal Bank of Scotland, which is 82% owned by taxpayers after a government bailout, is accused of pushing struggling small firms into its turnaround unit, for it to have reasons to charge higher interests, and in turn, take over their assets.

The Royal Bank of Canada named Jonathan Golub to head the investment banking unit of RBC as its new chief market strategist for the US.

The Royal Bank of Canada promoted Taylor as the bank's first female chairman.