News Snapshot:
Royal Bank of Canada (TSX:RY) stock fell 7% in March after three U.S. banks collapsed. The U.S. banking system has started feeling the pressure of accelerated interest rate hikes and the delayed response to inflation. In other news, Switzerland’s second-largest bank, Credit Suisse, came under fire after its major investor refused to inject more money. The news around banks has made investors wary, as the net income of the top six Canadian banks fell due to rising expenses and weakness in the wealth and insurance sector. Should you be worried about your Royal Bank of Canada holdings? Royal Bank of...
