BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - CACEIS, the asset servicing banking group of Crédit Agricole S.A. and Santander, and Royal Bank of Canada (RY.TO, RY) have signed a MoU with a view for CACEIS to acquire the European asset servicing activities of RBC Investor Services and its associated Malaysian centre of excellence. RBC Investor Services is a provider of asset services.
The companies noted that the proposed deal excludes RBC Investor Services' Canadian operations. It will have a de minimus impact to RBC's common equity Tier 1 ratio and earning per share.
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