RBC: US Banks Need More Consolidation

Stock quotes in this article: RY  

"We are definitely in a year in which we are focusing very hard on managing our own books, maintaining a very conservative approach to cost and spend," Westlake said. "We will be very selectively looking at growth opportunities, but it's a time to really focus on making sure that we deal with our own loan book, particularly real estate lending."

Shares of Royal Bank of Canada were up 34 cents, or 1.3 percent, to $25.95 on Wednesday afternoon.
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