Royal Bank of Canada (RY.TO)
- Reuters
RBC cuts 10 investment banking jobs in U.S., spokesperson says
The cuts, which represent 1% of its U.S. investment banking division, were in line with "normal attrition" and the staff laid off are part of U.S. capital markets division, the spokesperson said. RBC is Canada's biggest bank and its capital markets business reported a 58% drop in net income in the third quarter to C$479 million ($350 million), primarily because of the impact of loan underwriting markdowns of C$385 million in the United States.
- Reuters
CORRECTED-RBC cuts 10 investment banking jobs in U.S., spokesperson says
The cuts, which represent 1% of its U.S. investment banking division, were in line with "normal attrition" and the staff laid off are part of U.S. capital markets division, the spokesperson said. RBC is Canada's biggest bank and its capital markets business reported a 58% drop in net income in the third quarter to C$479 million ($350 million), primarily because of the impact of loan underwriting markdowns of C$385 million in the United States. RBC's U.S. business includes retail banking, capital markets, wealth management and treasury services and wealth management.
- The Motley Fool
Retiring Canadians: How is Your Readiness in 2022?
Even in a volatile market environment, Canadians can improve retirement readiness in 2022 or beyond by sacrificing some of their financial resources and storing income-generating assets in an RRSP or TFSA. The post Retiring Canadians: How is Your Readiness in 2022? appeared first on The Motley Fool Canada.
