Big news about banks and money! The Royal Bank of Canada, a huge bank, is doing well. This is good news for the economy because banks play a big role in how we use money.
- Banks are making more money because interest rates are going up.
- They expect to make more money from fees and helping companies buy each other.
- The bank has lots of employees and branches all over the world.
Fact | Number |
---|---|
Bank's value | $164 billion (that's a lot of money!) |
Number of employees | 95,000 |
This is all part of bigger financial news, so it doesn't directly affect cryptocurrencies like Bitcoin or Ethereum. It's about how traditional banks are doing.