RBC to Cut Trading, Investment-Banking Jobs in London
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Royal Bank of Canada is cutting as many as 40 jobs at its investment bank in London, according to people familiar with the changes.
The reductions are across RBC Capital Markets and affect areas including investment banking, equity sales and trading, and research, according to the people, who asked not to be identified because the moves haven’t been publicly announced. The cuts represent about 2% of the division’s workforce in the British capital.