Canada's Royal Bank is larger than I knew. Retirees in Canada often have some Royal Bank stock in their portfolios. Why? Solid dividend income that can be trusted through good times and bad. In fact, all five of Canada's top banks have impeccable reputations when it comes to delivering on promised dividends.
Today in London, the Royal Bank logo marks the top of Talbot Centre in the city core. One might think that such a huge bank would own the building in which it conducts its business in London but it doesn't. Canada's largest bank, the 9th largest in the world, rents its downtown location and shares the building with other businesses and at least one other Canadian bank.
It's clear the Royal Bank didn't ascend to the summit of Canadian banking by wasting money on showy buildings and addresses when there are less costly alternative.
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