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RBC cuts more than a dozen jobs in U.S. investment bank in second round of layoffs

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Royal Bank of Canada’s investment\u002Dbanking arm conducted a second round of layoffs in the United States in recent months. Find out more.

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The lender’s RBC Capital Markets division is laying off more than a dozen of its U.S. investment-banking team, which is comprised of about 1,000 employees, said some of the people, who asked not to be identified discussing personnel changes. The move follows its decision to layoff about one per cent of the group last September.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

The bank has also been hiring. It recently added senior talent from institutions including Credit Suisse Group AG and SVB Securities.

 

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RBC cuts more than a dozen in U.S. investment bank after recent layoffs - BNN BloombergRoyal Bank of Canada’s investment-banking arm conducted a second round of layoffs in the U.S. in recent months, according to people with knowledge of the matter.
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