RBC

CJF names Landsberg Award finalists

Retrieved on: 
Tuesday, April 23, 2024
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TORONTO, April 23, 2024 /CNW/ - The Canadian Journalism Foundation (CJF) is proud to announce its shortlist for the Landsberg Award , which celebrates a journalist, or journalists, enhancing awareness of women's equality issues.

Key Points: 
  • TORONTO, April 23, 2024 /CNW/ - The Canadian Journalism Foundation (CJF) is proud to announce its shortlist for the Landsberg Award , which celebrates a journalist, or journalists, enhancing awareness of women's equality issues.
  • The annual award recognizes exceptional research, analysis and presentation through a gender lens in print, broadcast or online news.
  • "This year's three finalists show exceptional grit and skill, and their work has resulted in real change."
  • The Landsberg winner will be announced at the CJF annual awards ceremony on June 12 at the Royal York Hotel.

Canadians are more confident in buying a home, despite the impact of inflation: RBC Poll

Retrieved on: 
Tuesday, April 23, 2024
Housing, RBC, Thought, Research, Parent, House, Habit, Family, Condo, Face, Real estate

At the same time, the research found that half (50%) of Canadians say inflation is eroding their ability to save for a home.

Key Points: 
  • At the same time, the research found that half (50%) of Canadians say inflation is eroding their ability to save for a home.
  • Among these potential buyers, there has been a 37% decrease in the total amount they have saved to put towards buying a home.
  • Houseful, an RBC Company : From finding a home to financing one, Canadians can simplify their home buying experience with everything they need in one place.
  • Get access to customized home searches, local real estate agents, affordability tools, RBC mortgage specialists and financing under one roof.

Landmark New Publication: the Forgotten Biochemistry 101 of COVID-19

Retrieved on: 
Monday, April 22, 2024
Nobel Prize, ACE2, Coronavirus, Cell, Safety, Red blood cell, Risk, RBC, News, Human body, Diabetes, Biochemistry, Research, Therapy, Endothelium, Cardiovascular disease, Toxicity, COVID-19, Plasma, Vaccine

SALT LAKE CITY, April 22, 2024 /PRNewswire/ -- TrialSite News features a paper published today in Viruses (Basel), authored by an international team of researchers, including two fellows of their nations' academies of sciences (Colleen Aldous, senior author Wendy Hoy) and others who participated in Nobel prize-honored research (Thomas Borody, Morimasa Yagisawa). The publication reveals how coronavirus biochemistry well-established over past decades governs the morbidities of COVID-19, risk factors and therapeutic approaches.

Key Points: 
  • The publication reveals how coronavirus biochemistry well-established over past decades governs the morbidities of COVID-19, risk factors and therapeutic approaches.
  • The glycan monomer sialic acid, ubiquitous on eukaryotic cell surfaces, serves as the initial attachment point to host cells for the COVID–19 virus—SARS–CoV–2—as well as for other coronaviruses.
  • In the genetics-centric research environment of recent decades, however, most COVID–19 research ignored this older, well-established biochemistry, focusing instead on SARS–CoV–2 replication and its replication receptor, ACE2.
  • Three major risk factors for COVID–19 mortality—older age, diabetes and obesity—are each associated with significantly increased RBC aggregation and microvascular occlusion.

RBC Capital Markets launches RBC Clear™, a Cash Management solution that will focus on Fortune 1000 corporations in the United States

Retrieved on: 
Tuesday, April 16, 2024
Safety, Capital market, RBC Capital Markets, RBC, Cash management, Cryptocurrency

In collaboration with RBC Capital Markets' clients, RBC Clear™ reimagined Cash Management to create a seamless experience that puts clients in control of their working capital

Key Points: 
  • In collaboration with RBC Capital Markets' clients, RBC Clear™ reimagined Cash Management to create a seamless experience that puts clients in control of their working capital
    NEW YORK, April 16, 2024 /PRNewswire/ - RBC Capital Markets today announced the launch of RBC Clear™, an innovative Cash Management solution that will deliver a seamless cash management experience for Fortune 1000 corporations in the U.S.
  • Proactive and customizable self-service – Provides optionality on how clients want to be updated on transactions through a digital-first solution.
  • Through client collaboration and innovative technology, we have created what we believe will be the future of Cash Management."
  • "We leveraged our substantial multi-year investment in next-generation delivery platforms to build this business," says Bruce Ross, group head, Technology & Operations, RBC.

HomeEquity Bank President and CEO Steven Ranson to retire June 30, 2024, after 27 successful years leading the bank

Retrieved on: 
Tuesday, April 9, 2024
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On his decision to retire, Mr. Ranson said, "We have achieved what I set out to achieve many years ago; to establish reverse mortgages and HomeEquity Bank as a respected choice for older Canadians.

Key Points: 
  • On his decision to retire, Mr. Ranson said, "We have achieved what I set out to achieve many years ago; to establish reverse mortgages and HomeEquity Bank as a respected choice for older Canadians.
  • Daniel Jauernig, Chair of the Board of HomeEquity Bank said, "It's been an honour working with Steve these past 27 years as he built HomeEquity Bank into the leading national provider of reverse mortgages in Canada.
  • Ms. Dudtschak will join the bank as President on May 1 and Mr. Ranson will continue as CEO until his retirement on June 30.
  • On July 1, she will assume both responsibilities as President and CEO of HomeEquity Bank, reporting to the Board of Directors.

Decomposing systemic risk: the roles of contagion and common exposures

Retrieved on: 
Tuesday, April 23, 2024
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Abstract

Key Points: 
    • Abstract
      We evaluate the effects of contagion and common exposure on banks? capital through
      a regression design inspired by the structural VAR literature and derived from the balance
      sheet identity.
    • Contagion can occur through direct exposures, fire sales, and market-based
      sentiment, while common exposures result from portfolio overlaps.
    • First, we document that contagion varies in time, with the highest levels
      around the Great Financial Crisis and lowest levels during the pandemic.
    • Our new framework complements
      traditional stress-tests focused on single institutions by providing a holistic view of systemic risk.
    • While existing literature presents various contagion narratives, empirical findings on
      distress propagation - a precursor to defaults - remain scarce.
    • We decompose systemic risk into three elements: contagion, common exposures, and idiosyncratic risk, all derived from banks? balance sheet identities.
    • The contagion factor encompasses both sentiment- and contractual-based elements, common exposures consider systemic
      aspects, while idiosyncratic risk encapsulates unique bank-specific risk sources.
    • Our empirical analysis of the Canadian banking system reveals the dynamic nature of contagion, with elevated levels observed during the Global Financial Crisis.
    • In conclusion, our model offers a comprehensive lens for policy intervention analysis and
      scenario evaluations on contagion and systemic risk in banking.
    • This
      notion of systemic risk implies two key components: first, systematic risks (e.g., risks related
      to common exposures) and second, contagion (i.e., an initially idiosyncratic problem becoming
      more widespread throughout the financial system) (see Caruana, 2010).
    • In this paper, we decompose systemic risk into three components: contagion, common exposures, and idiosyncratic risk.
    • First, we include contagion in three forms: sentiment-based contagion, contractual-based
      contagion, and price-mediated contagion.
    • In this context,
      portfolio overlaps create common exposures, implying that bigger overlaps make systematic
      shocks more systemic.
    • With the COVID-19 pandemic starting
      in 2020, contagion drops to all time lows, potentially related to strong fiscal and monetary
      supports.
    • That is, our
      structural model provides a framework for analyzing the impact of policy interventions and
      scenarios on different levels of contagion and systemic risk in the banking system.
    • This provides a complementary approach to
      seminal papers that took a structural approach to contagion, such as DebtRank Battiston et al.
    • More generally, the literature on networks and systemic risk started with Allen and Gale
      (2001) and Eisenberg and Noe (2001).
    • The matrix is structured as follows:
      1

      In our model, we do not distinguish between interbank liabilities and other types of liabilities.

    • In other words, we can and aim to estimate different degrees
      of contagion per asset class, i.e., potentially distinct parameters ?Ga .
    • For that, we build three major
      metrics to check: average contagion, average common exposure, and average idiosyncratic risk.
    • N i j

      et ,
      Further, we define the (N ?K) common exposure matrix as Commt = [A

      (20)

      et ]diag (?C
      ?L

      such that average common exposure reads,
      average common exposure =

      1 XX
      Commik,t .

    • N i j

      (22)

      20

      ? c ),

      The three metrics?average contagion, average common exposure, and average idiosyncratic risk?provide a comprehensive framework for understanding banking dynamics.

    • Figure 4 depicts the average level of risks per systemic risk channel: contagion risk, common exposure, and idiosyncratic risk.
    • Figure 4: Average levels of contagion (Equation (20)), common exposure (Equation (21)), and idiosyncratic risk
      (Equation (22)).
    • The market-based contagion is the contagion due to
      investors? sentiment, and the network is an estimate FEVD on volatility data.
    • For most of
      the sample, we find that contagion had a bigger impact on the variance than common exposures.

Ninepoint Partners Appoints Christopher Bean as Head of Corporate Development

Retrieved on: 
Wednesday, April 3, 2024
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TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”), one of Canada’s leading alternative investment management firms, announced the appointment of Christopher Bean as Managing Director, Head of Corporate Development.

Key Points: 
  • TORONTO, April 03, 2024 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”), one of Canada’s leading alternative investment management firms, announced the appointment of Christopher Bean as Managing Director, Head of Corporate Development.
  • In this role, he will be responsible for identifying, evaluating, and executing strategic initiatives to drive growth of the organization.
  • Bean has more than two decades of experience as an investment banker, strategic advisor and corporate lawyer.
  • Bean holds an MBA from INSEAD and a Bachelor of Laws from the University of Western Ontario.

Flagship report from RBC Economics offers pragmatic solutions to the housing crisis

Retrieved on: 
Monday, April 8, 2024
RBC, SVP, City, Research, Economics, Housing, Face, Policy, Self storage

Today, RBC Economics and Thought Leadership released The Great Rebuild: Seven ways to fix Canada's housing shortage .

Key Points: 
  • Today, RBC Economics and Thought Leadership released The Great Rebuild: Seven ways to fix Canada's housing shortage .
  • The report looks at the factors that led to Canada's housing crisis and advances policy ideas to address it.
  • "The current affordability crisis has been driven by a massive undersupply of housing in the face of booming demand," said Robert Hogue, assistant chief economist, RBC Economics.
  • "Canada needs to significantly grow its housing stock, especially rental and affordable housing, and it needs to do so quickly.

RBC announces changes to its executive team

Retrieved on: 
Saturday, April 6, 2024
RBC, Interim, Bank statement, Employment, SVP, TSX, Controller, CFO

She succeeds Nadine Ahn whose employment was terminated by RBC earlier today, effective immediately.

Key Points: 
  • She succeeds Nadine Ahn whose employment was terminated by RBC earlier today, effective immediately.
  • RBC was recently made aware of allegations involving Ms. Ahn and immediately launched an internal review and engaged outside legal counsel to investigate.
  • The investigation found evidence that, in contravention of the RBC Code of Conduct, Ms. Ahn was in an undisclosed close personal relationship with another employee which led to preferential treatment of the employee including promotion and compensation increases.
  • Ms. Gibson has been appointed interim CFO while a search is conducted.

RadNet Announces Closing of Public Offering of Common Stock

Retrieved on: 
Tuesday, March 12, 2024
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LOS ANGELES, March 12, 2024 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services, announced today the closing of its underwritten public offering of 5,232,500 shares of its common stock at a price to the public of $44.00 per share, which includes the exercise in full by the underwriters of their option to purchase up to 682,500 additional shares of its common stock.

Key Points: 
  • LOS ANGELES, March 12, 2024 (GLOBE NEWSWIRE) -- RadNet, Inc. (NASDAQ: RDNT), a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services, announced today the closing of its underwritten public offering of 5,232,500 shares of its common stock at a price to the public of $44.00 per share, which includes the exercise in full by the underwriters of their option to purchase up to 682,500 additional shares of its common stock.
  • The gross proceeds to RadNet from the offering, before deducting the underwriting discounts and commissions and other offering expenses, are approximately $230.2 million.
  • RadNet intends to use the net proceeds from the proposed offering for general corporate purposes and future acquisitions.
  • RBC Capital Markets, Sidoti & Company, LLC and CJS Securities are acting as co-managers for the offering.