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RBC invests in tech, employees in Q3

HSBC Canada integration costs added 10% to expenses

Whitney McDonaldbyWhitney McDonald
August 25, 2023
in Banking
Reading Time: 3 mins read
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Royal Bank of Canada’s discretionary and technology-related spending accounted for 23% of the bank’s non-interest expenses in the third quarter.  In Q3 2023, the $1.4 trillion bank’s non-interest expenses increased 22% year over year to $5.8 billion, which included equipment and amortization costs, professional fees and marketing, travel and training expenses, according to the bank’s […]

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Tags: earningsPremiumRoyal Bank of Canada (RBC)Salesforce
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