May 19, 2020

Royal Bank of Canada Announces Q2 2011 Figures

Bizclik Editor
4 min
Royal Bank of Canada Announces Q2 2011 Figures

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<p align="left" style="margin-top: 13px; margin-right: 0px; margin-bottom: 13px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: helvetica, arial, sans-serif; font-size: 13px; color: rgb(0, 0, 0); ">
<span class="Apple-style-span" style="color: rgb(34, 34, 34); font-family: Arial, Verdana, sans-serif; font-size: 12px; "><span class="xn-location" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; ">TORONTO</span>,&nbsp;<span class="xn-chron" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; ">Aug. 19, 2011</span>&nbsp;/&nbsp;</span><span data-scayt_word="CNWRoyal" data-scaytid="8"><span class="Apple-style-span" style="color: rgb(34, 34, 34); font-family: Arial, Verdana, sans-serif; font-size: 12px; ">CNW</span>Royal</span> Bank of&nbsp;<span class="xn-location" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; ">Canada</span>&nbsp;(<span data-scayt_word="RY" data-scaytid="9">RY</span> on <span data-scayt_word="TSX" data-scaytid="11">TSX</span> and NYSE) today announced that its <span data-scayt_word="Q2" data-scaytid="13">Q2</span> 2011 Supplementary Financial Information, which reflects the&nbsp;<span class="xn-chron" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; ">June 20, 2011</span>&nbsp;<a href="http://www.canada.businesschief.com/money_matters/rbc-to-sell-us-banks-…; of a definitive agreement to sell its <span data-scayt_word="U.S" data-scaytid="1">U.S</span>. regional retail banking operations to PNC Financial Services Group, Inc. (PNC), is now available on its website. The results of these operations will be classified as discontinued operations and the third quarter of 2011 will include the previously announced after-tax loss on sale of approximately C$1.6 billion under Canadian generally accepted accounting principles (<span data-scayt_word="GAAP" data-scaytid="15">GAAP</span>), which includes an estimated write off of goodwill and intangibles of C$1.3 billion after-tax (C$1.4 billion pre-tax).</p>
<p style="margin-top: 13px; margin-right: 0px; margin-bottom: 13px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: helvetica, arial, sans-serif; font-size: 13px; color: rgb(0, 0, 0); ">
The historical financial information reflecting discontinued operations has no impact on previously reported consolidated financial information of Royal Bank of&nbsp;<span class="xn-location" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; ">Canada&nbsp;</span>and is available for download at&nbsp;<a href="http://www.rbc.com/investorrelations/ir_quarterly.html&quot; style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; color: rgb(242, 135, 62); text-decoration: none; "><span data-scayt_word="//www.rbc.com&quot; data-scaytid="4">www.rbc.com</span>/<span data-scayt_word="investorrelations" data-scaytid="16">investorrelations</span>/<span data-scayt_word="ir_quarterly.html" data-scaytid="6">ir_quarterly.html</span></a>.</p>
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Royal Bank of&nbsp;<span class="xn-location" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; ">Canada</span>&nbsp;will release its third quarter results on&nbsp;<span class="xn-chron" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; ">August 26, 2011</span>.</p>
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For further information, please visit&nbsp;<a href="http://www.rbc.com/investorrelations&quot; style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; color: rgb(242, 135, 62); text-decoration: none; "><span data-scayt_word="//www.rbc.com&quot; data-scaytid="5">www.rbc.com</span>/<span data-scayt_word="investorrelations" data-scaytid="17">investorrelations</span></a>.</p>
<p style="margin-top: 13px; margin-right: 0px; margin-bottom: 13px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: helvetica, arial, sans-serif; font-size: 13px; color: rgb(0, 0, 0); ">
<b style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; color: rgb(0, 0, 0); ">CAUTION REGARDING FORWARD-LOOKING STATEMENTS</b><br style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; " />
<br style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; " />
From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including the &quot;safe <span data-scayt_word="harbour" data-scaytid="18">harbour</span>&quot; provisions of the&nbsp;<i style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; "><span class="xn-location" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; ">United States</span>&nbsp;Private Securities Litigation Reform Act of 1995</i>&nbsp;and any applicable Canadian securities legislation. We may make forward-looking statements in this press release, in other filings with Canadian regulators or the SEC, in reports to shareholders and in other communications. Forward-looking statements include, but are not limited to, statements relating to our expected losses related to the sale of our <span data-scayt_word="U.S" data-scaytid="2">U.S</span>. regional retail banking operations. The forward-looking information contained in this release is presented for the purpose of assisting the holders of our securities and financial analysts in understanding our future results of operations.</p>
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By their very nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties, which give rise to the possibility that our predictions, forecasts, projections, expectations or conclusions and other forward-looking information, including statements about the acquisition of RBC Bank by PNC will not be achieved. We caution readers not to place undue reliance on these statements as a number of risk factors could cause our actual results to differ materially from the expectations expressed in such forward-looking statements. These factors - many of which are beyond our control and the effects of which can be difficult to predict - include, but are not limited to, the possibility that the proposed transaction does not close when expected or at all because required regulatory or other approvals are not received or other conditions to the closing are not satisfied on a timely basis or at all, that Royal Bank of&nbsp;<span class="xn-location" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; ">Canada</span>&nbsp;or PNC may be required to modify the terms and conditions of the proposed transaction to achieve regulatory approval, or that the anticipated benefits of the transaction are not realized as a result of such things as the strength of the economy and competitive factors in the areas where RBC Bank does business; the impact of changes in the laws and regulations regulating financial services and enforcement thereof (including banking, insurance and securities); judicial or regulatory judgments and legal proceedings; the ability of PNC to complete the transaction; <span data-scayt_word="reputational" data-scaytid="19">reputational</span> risks, and other factors that may affect future results of RBC.</p>
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We caution that the foregoing list of risk factors is not exhaustive and other factors could also adversely affect our results. Additional information about these and other factors can be found in the Risk management section of our 2010 Annual Report and in our <span data-scayt_word="Q2" data-scaytid="14">Q2</span> 2011 Report to Shareholders.</p>
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Except as required by law, we do not undertake to update any forward-looking statement contained in this press release.</p>
<p style="margin-top: 13px; margin-right: 0px; margin-bottom: 13px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: helvetica, arial, sans-serif; font-size: 13px; color: rgb(0, 0, 0); ">
<b style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; color: rgb(0, 0, 0); ">ABOUT RBC</b><br style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; " />
Royal Bank of&nbsp;<span class="xn-location" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; ">Canada</span>&nbsp;(<span data-scayt_word="RY" data-scaytid="10">RY</span> on <span data-scayt_word="TSX" data-scaytid="12">TSX</span> and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada&#39;s largest bank as measured by assets and market capitalization, and among the largest banks in the world, based on market capitalization. We are one of North America&#39;s leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services on a global basis. We employ approximately 79,000 full- and part-time employees who serve close to 16 million personal, business, public sector and institutional clients through offices in&nbsp;<span class="xn-location" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; ">Canada</span>, the <span data-scayt_word="U.S" data-scaytid="3">U.S</span>. and 56 other countries. For more information, please visit <span data-scayt_word="rbc.com" data-scaytid="7">rbc.com</span>.</p>
<p style="margin-top: 13px; margin-right: 0px; margin-bottom: 13px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: helvetica, arial, sans-serif; font-size: 13px; color: rgb(0, 0, 0); ">
Trademarks used in this release include the LION &amp; GLOBE Symbol, ROYAL BANK OF&nbsp;<span class="xn-location" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; ">CANADA</span><b style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; color: rgb(0, 0, 0); ">&nbsp;</b>and RBC which are trademarks of Royal Bank of&nbsp;<span class="xn-location" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; ">Canada</span>&nbsp;used by Royal Bank of&nbsp;<span class="xn-location" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; ">Canada&nbsp;</span>and/or by its subsidiaries under license.<b style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-family: Helvetica, Arial, Verdana, sans-serif; color: rgb(0, 0, 0); ">&nbsp;</b>RBC <span data-scayt_word="Dexia" data-scaytid="20">Dexia</span> IS and affiliated <span data-scayt_word="Dexia" data-scaytid="21">Dexia</span> companies are licensed users of the RBC trademark.</p>
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<em>Edited by: Kristin <span data-scayt_word="Craik" data-scaytid="22">Craik</span></em></p>

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Jun 13, 2021

Marketing matters: from IBM to Kyndryl

CMO
Kyndryl
IBM
Leadership
Kate Birch
5 min
Former CMO for IBM Americas Maria Bartolome Winans was recently named CMO for Kyndryl. Maria talks about her new role and her leadership style

Former Chief Marketing Officer for IBM Americas, and an IBM veteran of more than 25 years, Maria Bartolome Winans was recently named CMO for Kyndryl.

Prior to joining Kyndryl as Chief Marketing Officer, Maria had a 25-year career at IBM, most recently as the tech giant’s CMO where she oversaw all marketing professionals and activities across North America, Canada and Latin America. She has held senior global marketing positions in a variety of disciplines and business units across IBM, most notably strategic initiatives in Smarter Cities and Watson Customer Engagement, as well as leading teams in services, business analytics, and mobile and industry solutions. She is known for her work with teams to leverage data, analytics and cloud technologies to build deeper engagements with customers and partners.

With a passion for marketing, business and people, and a recognized expert in data-driven marketing and brand engagement, Maria talks to Business Chief about her new role, her leadership style and what success means to her.

You've recently moved from IBM to Kyndryl, joining as CMO. Tell us about this exciting new role?

I’m Chief Marketing Officer for Kyndryl, the independent company that will be created following the separation from IBM of its Managed Infrastructure Services business, expected to occur by the end of 2021. My role is to plan, develop, and execute Kyndryl's marketing and advertising initiatives. This includes building a company culture and brand identity on which we base our marketing and advertising strategy.

We have an amazing opportunity ahead at Kyndryl to create a company brand that will stand apart in the market by leading with our people first. Once we are an independent company, each Kyndryl employee will advance the vital systems that power human progress. Our people are devoted, restless, empathetic, and anticipatory – key qualities needed as we build on existing customer relationships and cultivate new ones. Our people are at the heart of this business and I am deeply hopeful and excited for our future.

What experiences have helped prepare you for this new opportunity?

I’ve had a very rich and diverse career history at IBM that has lasted 25+ years. I started out in sales but landed explored opportunities at IBM in different roles, business units, geographies, and functions. Marketing and business are my passions and I landed on Marketing because it allowed me to utilize both my left and right brain, bringing together art and science. In college, I was no tonly a business major, but an art major. I love marketing because I can leverage my extensive knowledge of business, while also being able to think openly and creatively.

The opportunities I was given during my time at IBM and my natural curiosity have led me to the path I’m on now and there’s no better next career step than a once-in-a-lifetime-opportunity to help launch a company. The core of my role at Kyndryl is to create a culture centered on our people and growing up in my career at IBM has allowed me to see first-hand how to prioritize people and ensure they are at the heart of progress in everything Kyndryl will do.

How would you describe your leadership style?

I believe that people aren't your greatest assets, they are your only assets. My platform and background for leadership has always been grounded in authenticity to who I am and centered on diversity and inclusion. I immigrated to the US from Chile when I was 10 years old and so I know the power and beauty that comes from leaning into what makes you different from other people, and that's what I want every person in my marketing organization to feel – the value in bringing their most authentic self to work every day. The way our employees feel when they show up for themselves authentically is how they will also show up for our customers, and strong relationships drive growth.

I think this is especially true in light of a world forever changed by the pandemic. Living through such an unprecedented time has reinforced that we are all humans. We can't lead or care for one another without empathy and I think leaders everywhere have been reminded of this.

What’s the best leadership advice you’ve received?

When I was growing up as an immigrant in North Carolina, I often wanted to be just like everyone else. But my mother always told me: Be unique, be memorable – you have an authentic view and experience of the world that no one else will ever have, so don't try to be anyone else but you.

What does success look like to you?

I think the concept of success is multi-faceted. From a career perspective, being in a job where you're respected and appreciated, and where you can see how your contributions are providing value by motivating your teams to be better – that's success! From a personal perspective, there is no greater accomplishment than investing in the next generation. I love mentoring younger professionals – they are the future. I want my legacy as a leader to include providing value in work culture, but also in leaving a personal impact on the lives of professionals who will carry the workforce forward. Finding a position in life with a job and company that offers me a chance at all of that is what success looks like to me.

What advice would you give to your younger self just starting out in the industry?

I've always been a naturally curious person and it's easy for me to over-commit to projects that pique my interest. I've learned over years of practice how to manage that, so to my younger self I’d say… prioritize the things that are most important, and then become amazing at those things.

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