(Bloomberg) -- Royal Bank of Canada, the countrys largest lender by assets, will consider acquisitions of as much as C$5 billion ($4.9 billion) as it seeks to expand its wealth- management unit, Chief Financial Officer Janice Fukakusa said.
The size of the takeovers could range from C$1 billion to between C$3 billion and C$5 billion, Fukakusa said Wednesday at a financial-services conference in New York. The size that weve been doing is anywhere from the C$500 million range up to C$2 billion, so theyre pretty manageable acquisitions.
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