Royal Bank of Canada (NYSE: RY) lost footing and arranges sale, Goldman Sachs (NYSE:GS) helps

Royal Bank of Canada intends to sell its insurance unit

In brief: Royal Bank of Canada (NYSE: RY) can not hold the insurance division because of financial difficulties. Goldman Sachs Group, Inc. (NYSE:GS) helps RBC.

Royal Bank of Canada (NYSE: RY) is reduced in price due to the sale units. It is about the bank’s insurance department. Royal Bank of Canada is 51.23 points, losing -0.90 (-1.73%).

Royal Bank of Canada has found potential buyers to purchase them ten years ago, the insurance unit, which is located the United States. It is reported that Goldman Sachs Group was looking buyers for Liberty Life Insurance, Unit Royal Bank of Canada, for several months. Price may be less than $ 1 billion. Goldman Sachs Group, Inc. (NYSE:GS) is at the level of 153.69, losing -1.71 points or -1.10%.

Anrey Torbinski
2010-08-10 17:06, Economics.

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