$RBC

Diamond Luxury Builders Inc. and 1000704900 Ontario Inc. were placed into receivership on June 26, 2026, after Royal Bank of Canada sought action over about C$2.7 million in unpaid debt. Defaults included months of missed financial reporting and no payments from March 17 to June 24. RBC had provided C$1.5 million and C$1.125 million loans secured by property. The court set a June 26 deadline for interest and refinancing, but found no reasonable repayment prospect.

Royal Bank of Canada (RBC) obtained receivership for Alberta dairy equipment group Chinook Farm Innovations Inc., PMI Corp. and Pro-Line Manufacturing Inc. on Aug 12, 2026, seeking recovery of about C$5.4M. RBC says sales fell from ~C$17M (2023) to C$13.9M (2025), with a ~C$2.5M net loss and ~C$12.6M liabilities. CRA payroll tax arrears rose to ~C$872k.

The weekly digest covers Canada-US tariff talks ahead of Aug. 19, with Canada warning it would halt talks and retaliate if 50% tariffs take effect. It also reports RBC and BMO plan to sell Moneris to Francisco Partners for about $2B, and Air Canada to sell a 25% Aeroplan stake for $2.5B, valuing Aeroplan above $10B.

CIRO issued reasons for decision in the matter of RBC Dominion Securities Inc. after a June 18, 2026 settlement hearing. The panel found RBC DS failed to supervise futures trading by two registered representatives. Sanctions confirmed include a $1.5 million fine, $1.8 million disgorgement, and $100,000 costs, per the settlement agreement.

Francisco Partners agreed to buy Toronto-based payments processor Moneris for about C$2bn (US$1.44bn) in cash, from jointly owned Moneris by BMO and RBC, which will each receive 50% of proceeds. Moneris serves 325,000 commerce points. Deal expected to close by end of Q1 of BMO and RBC fiscal 2027; RBC expects an after-tax gain of about C$475m.

RBC and BMO agreed to sell their jointly owned Moneris Solutions to Francisco Partners for $2 billion (US$1.44 billion), with each bank receiving a 50% share. RBC expects an after-tax gain of about $475 million, likely in Q1 fiscal 2027. Moneris said the deal will support modernization and growth. RBC and BMO shares were little changed in extended trading.

Royal Bank of Canada and BMO Financial Group agreed to jointly sell payment processor Moneris Solutions Corp. Moneris will be acquired by Francisco Partners for about $2 billion in cash, with RBC and BMO each receiving 50%. After closing, RBC and BMO will have a long-term customer referral arrangement. Deal is subject to approvals and expected to close by end of Q1 FY2027.

RBC and BMO agreed to sell their jointly owned Moneris Solutions to Francisco Partners for C$2 billion (about $1.44 billion), according to Reuters. Each bank will receive a 50% share. RBC expects an after-tax gain of about C$475 million, with the deal expected in Q1 fiscal 2027.

RBC Wealth Management recruited the Sexton Group, a $1 billion assets team from Morgan Stanley in the Washington, D.C. metro area, joining RBC in Tysons, Virginia, according to an RBC spokesperson. The team is led by Mary M. Sexton and Erik M. Knoble, with support staff listed by RBC. RBC says the group reports to RBC Mid Atlantic Complex directors.

RBC Bearings (NYSE:RBC) reported Q2 CY2026 revenue of $519.5 million, up 19.2% year on year and 2.1% above Wall Street estimates, according to the company. Non-GAAP EPS was $3.88, 13.2% above consensus. The company guided next-quarter revenue around $510 million. Shares rose 5.8% to $594.42 after results.