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.Sign up to receive daily headline news from the Calgary Herald, a division of 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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