MINNEAPOLIS AND NEW YORK, May 22, 2013 /PRNewswire/ - Royal Bank of Canada (RBC) today announced a $50,000 donation by the RBC Foundation USA, a charitable entity funded jointly by the bank's Capital Markets and Wealth Management businesses in the U.S., to the American Red Cross Disaster Relief Fund to support the relief and humanitarian efforts in Oklahoma.
"RBC is committed to helping residents recover and rebuild from this powerful tornado," said John Taft, CEO of RBC Wealth Management, U.S. "We are proud to partner with the Red Cross in support of their relief efforts in aiding those affected by this devastating event."
"In the aftermath of this tragedy and the remarkable scenes of bravery, our hearts and our thoughts go out to the many people impacted," said Deborah Freer, COO of RBC Capital Markets, U.S. "RBC is honored to contribute to help the ongoing recovery and assistance efforts."
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada's largest bank as measured by assets and market capitalization, and are among the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, and investor services and wholesale banking on a global basis. We employ approximately 80,000 full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 49 other countries. For more information, please visit rbc.com.
RBC supports a broad range of community initiatives through donations, sponsorships and employee volunteer activities. In 2012, RBC contributed more than C$95 million to causes worldwide, including donations and community investments of more than C$64 million and C$31 million in sponsorships.
SOURCE RBC Capital Markets