The Canadian banking system is extremely conservative and has more rules than the United States when it comes to governing leverage. Most of the financial sector is controlled by federal agencies, but these may also have additional regulations governed by provincial and federal jurisdiction. The entire Canadian banking system is divided into five categories: loan and trust companies, life insurers, securities dealers and chartered banks. Overall, Canadian banking institutions have assets of over 4.6 trillion Canadian dollars to manage. Automated banking machines are used regularly by nearly 26% of residents, and their banking technology is far advanced compared to many other banking systems in the world. The 5 largest banks in Canada are as follows: Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essayA little introduction to the Canadian banking system. In each following point, explain when the bank was founded, how many customers it has, what its revenue is, where its headquarters is, how many employees it has, what its main things are, etc. RBC (Royal Bank of Canada) The Royal Bank of Canada is the largest of Canadian banks serving more than $16 million customers. It is a multinational bank and offers numerous financial services through its 80,000 employees worldwide. They have offices in Montreal, Ontario, Toronto and Quebec and have made the list of significant banks in the Financial Stability Board. RBC's services include retail, corporate, investment and private banking services, as well as offering clients money management, insurance, finance, credit card and mortgage advice. In 2016 their revenue was $35.28 billion. TD (Toronto-Dominion Bank)TD, which stands for The Toronto-Dominion Bank, is headquartered in Toronto and operates as TD Bank Group. By assets, the bank is second after RBC in Canada and 26th in the world. TD has more than 85,000 employees serving 22 million customers worldwide from 1,150 branches. Financial services offered by TD include investment management, vehicle financing, commercial and personal banking services, insurance services and products, commercial credit card processing services, investment banking services, monetary counseling and credit card services. The bank was founded in 1955 and has revenues of 29.9 Canadian dollars. Scotia Bank (Bank of Nova Scotia) Canada's third largest bank is The Scotia Bank serving 50 countries worldwide with over 24 million customers. Scotia Bank is headquartered in Toronto, Canada, but has more than 88,000 employees worldwide. The bank was founded in 1832 and has grown tremendously with revenues of C$26.049 billion in 2016 and assets of $915 billion as of October 2017. Scotland has billed itself as Canada's most international bank due to its acquisitions Latin America and the Caribbean, as well as smaller acquisitions in Asia and Europe. They also participate in the London Gold Fixing and are one of only five banks to do so. Globally, 41 out of 100 of the largest banks ranked. BMO (Bank of Montreal) BMO which stands for Bank of Montreal is a banking and financial service that operates worldwide. By assets and market capitalization it is the fourth largest bank in Canada and the tenth in North America. The bank has over 2 decades of experience since it was founded in 1817 in Montreal from a rented house. This makes it the longest-running bank in Canada. BMO has over 900 branches worldwide with more than 45,234 employees offering its financial services to over 7 2016.