Royal Bank of Canada Axes 15 Investment Bankers in London
- Global investment banks have reduced headcount to trim costs after reporting declines in profit this year.
Royal Bank of Canada (RBC) is slashing 15 investment banking jobs in the UK, joining global banks that are adjusting to a slowdown in mergers and acquisitions activity, sources with knowledge of the matter told Reuters.
Global investment banks have reduced headcount to trim costs after reporting declines in profit this year.
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The investment-banking cuts at the Canadian lender represent a reversal from recent years’ advance where the investment banking arm of RBC, RBC Capital Markets, was a top-ranked Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term adviser and a main profit source for the bank among the other operating segments. The unite has previously made a series of senior hires in Europe, where it employs around 200 people in the division.
RBC Capital Markets provides a focused set of products and services to corporations, institutional investors, and governments around the world. The bank operates out of 70 offices in 15 countries across North America, the U.K., Europe, and Asia-Pacific.
Completed mergers in Europe dropped 19 percent to $484 billion so far this year, while equity offerings in worldwide have declined about 65 percent, Thomson Reuters data shows.
Besides Royal Bank of Canada, many Western banks have announced plans to scale down their operations in the UK this year, as they grapple with slowing revenue growth due to the sluggish economy growth in China, freefall of oil prices and post-Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term results.
Lower oil prices motivated also the departure of Nick Taylor, head of natural resources at EMEA region, who joined from Deutsche Bank 18 months ago, as well as a few junior bankers in the team will leave the bank.
Operating since 1869, Royal Bank of Canada is one of the top 15 largest banks in the world as measured by market capitalization.
Royal Bank of Canada (RBC) is slashing 15 investment banking jobs in the UK, joining global banks that are adjusting to a slowdown in mergers and acquisitions activity, sources with knowledge of the matter told Reuters.
Global investment banks have reduced headcount to trim costs after reporting declines in profit this year.
The FM London Summit is quickly approaching, register here!
The investment-banking cuts at the Canadian lender represent a reversal from recent years’ advance where the investment banking arm of RBC, RBC Capital Markets, was a top-ranked Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term adviser and a main profit source for the bank among the other operating segments. The unite has previously made a series of senior hires in Europe, where it employs around 200 people in the division.
RBC Capital Markets provides a focused set of products and services to corporations, institutional investors, and governments around the world. The bank operates out of 70 offices in 15 countries across North America, the U.K., Europe, and Asia-Pacific.
Completed mergers in Europe dropped 19 percent to $484 billion so far this year, while equity offerings in worldwide have declined about 65 percent, Thomson Reuters data shows.
Besides Royal Bank of Canada, many Western banks have announced plans to scale down their operations in the UK this year, as they grapple with slowing revenue growth due to the sluggish economy growth in China, freefall of oil prices and post-Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term results.
Lower oil prices motivated also the departure of Nick Taylor, head of natural resources at EMEA region, who joined from Deutsche Bank 18 months ago, as well as a few junior bankers in the team will leave the bank.
Operating since 1869, Royal Bank of Canada is one of the top 15 largest banks in the world as measured by market capitalization.