Royal Bank of Canada (RBC) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. Founded in 1864 in Halifax, Nova Scotia as the Merchants Bank of Halifax, it keeps its corporate headquarters in Toronto and its legal head office in Montreal. RBC serves over 18 million clients through personal and commercial banking, wealth management, capital markets, insurance and investor services, operating in Canada and 28 other countries with roughly 97,000 employees. It reported CA$2.325 trillion in total assets and CA$1.574 trillion in assets under management in 2025, and is on the Financial Stability Board's list of global systemically important banks. Recent strategy has centred on artificial intelligence, with a dedicated AI Group created in February 2026.