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Rbc: Loan Activity Fall Drives Fee Rises

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

A Royal Bank of Canada (RBC) executive yesterday said competition and demand have driven it to a digital banking platform, with 23,000 clients in the Bahamas already using its banking app.

Kevin Darling, RBC’s head of business banking for the northern Caribbean, also sought to justify the institution’s fee increases, arguing that these were intended to cover operating costs and ultimately reduce the need to close branches.

Addressing the 14th Abaco Business Outlook conference, Mr Darling said banks incur overhead and staffing costs, while also having to deliver returns to their shareholders. While many consumers continuously lament increasing bank fees, he argued that there was simply not enough lending activity to cover their costs.

The week in real estate industry deals: July 10-14, 2017

While real estate agents chase leads and close deals on houses, there’s another level of deal-making that takes place within the real estate industry: mergers, acquisitions, integrations and partnerships.

We’ll be recapping every week’s noteworthy deals that didn’t make it into print (and some that did) for your perusal.

We missed you last week!

July 5

The Miami Association of Realtors , The MLS in Beverly Hills , Calif., NorthstarMLS serving Minnesota and Western Wisconsin, CarolinaMLS in Charlotte, N.C., and GSREIN in New Orleans, La., have all signed agreements to deliver Remine’s big data and predictive analytics platform to their members. With these editions, Remine is now available to more than 400,000 Realtors nationwide.

Engel & Völkers announced it has opened its newest real