RBC to buy back up to 30 million common shares

Monday, 21 Oct 2013 | 8:58 AM ET

TORONTO, Oct 21 (Reuters) - Royal Bank of Canada said on Monday it plans to buy back up to 30 million of its common shares, representing about 2.1 percent of the bank's outstanding common shares as of Sept. 30.

The buyback program, subject to regulatory approval, is expected to commence on Nov. 1, will be in effect until Oct. 31, 2014.