Royal Bank of Canada's president and chief executive repeatedly expressed disappointment Friday in his company's U.S. operations and vowed to fix them.

Gordon Nixon spoke to investors after the U.S. arm posted its second straight quarterly loss fueled by mounting credit losses and securities writedowns.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.