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RBC not ruling out European acquisitions: CEO

BNN.ca staff
2:53 PM, E.T. | October 28, 2011
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European banks and insurance companies continue to confront the region's growing debt crisis. But Gord Nixon, CEO of Canada's biggest bank, RBC, tells BNN that he's not ruling out acquiring European assets.

"The area that we have publicly said would be of most interest would be wealth management," he tells BNN. "We are in a very strong financial position, we have very high levels of capital."

"If there are opportunities that are consistent with out strategy, where the economics makes sense, we are certainly prepared to invest dollars."

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