Royal Bank of Canada was incorporated on June 22, 1869. The Company is a financial services company which provides personal and commercial banking. It operates in five segments; Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services & Capital Markets. It provides financial products and services to individual and business clients. The Company operates approximately 116 branches in 19 countries and territories in the U.S. Personal & Commercial Banking comprises personal and business banking operations as well as certain retail investment businesses and is operated through four business lines; Personal Financial Services, Business Financial Services and Cards and Payment Solutions, and Caribbean & U.S. Banking. Wealth Management comprises of Canadian Wealth Management, U.S. & International Wealth Management and Global Asset Management. It serves affluent, high net worth and ultra-high net worth clients in Canada, the U.S., the United Kingdom, Europe, Asia, and emerging markets with a comprehensive suite of investment, trust, banking, credit and other wealth management solutions. Insurance comprises insurance operations in Canada and operates under two business lines; Canadian Insurance and International Insurance. Investor & Treasury Services offers custody, fund and pension administration, as well as an integrated suite of products to institutional investors. It also provides cash management, correspondent banking and trade finance services to financial institutions and funding and liquidity management for the Company as well as other select institutions. Capital Markets comprises of wholesale banking businesses providing public and private companies, institutional investors, governments and central banks with products and services across its two business lines, Global Markets and Corporate and Investment Banking. The Company serves retail and corporate customers and public institutions.