January 8, 2013 / 2:27 PM / 5 years ago

BRIEF-RBC CEO says bank to run at 8.5-9 pct Basel III ratio

TORONTO, Jan 8 (Reuters) - Royal Bank of Canada : * CEO expects bank to operate with Basel III tier 1 common equity ratio of

8.5-9 percent in future years * RBC CEO Nixon says Europe has stabilized, but structural challenges remain * RBC CEO Nixon says his departure from the bank is “not imminent” * RBC CEO Nixon sees opportunity for bolt-on acquisitions in wealth management

and investor services businesess, but not in wholesale banking * Nixon was speaking at RBC Capital Markets Canadian Bank CEO Conference in Toronto

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