{"id":1665478,"date":"2022-09-29T20:51:26","date_gmt":"2022-09-30T00:51:26","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1665478"},"modified":"2022-09-29T20:52:05","modified_gmt":"2022-09-30T00:52:05","slug":"rbc-cuts-10-investment-banking-jobs-in-u-s-spokesperson-says","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rbc-cuts-10-investment-banking-jobs-in-u-s-spokesperson-says\/","title":{"rendered":"RBC cuts 10 investment banking jobs in U.S., spokesperson says"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Frbc-cuts-10-investment-banking-jobs-in-u-s-spokesperson-says%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1665478&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Divya Rajagopal<\/p>\n<p>TORONTO (Reuters) \u2013     Royal Bank of Canada (RBC) cut about 10 jobs in its U.S. investment banking division last week, a spokesperson for the bank said in an email on Thursday.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The cuts, which represent 1% of its U.S. investment banking division, were in line with \u201cnormal attrition\u201d and the staff laid off are part of U.S. capital markets division, the spokesperson said.<\/p>\n<p>RBC is Canada\u2019s 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.<\/p>\n<p>RBC\u2019s U.S. business includes retail banking, capital markets, wealth management and treasury services and wealth management.<\/p>\n<p>Bank of Montreal has also laid off staff in its U.S. capital markets division, a spokesperson for the bank said earlier this month, without giving details.<\/p>\n<p>Rapid interest rate hikes by the U.S. Federal Reserve to tame runaway inflation have rattled global financial markets, curbing companies\u2019 appetite for deals and making them wary of stock and debt offerings.<\/p>\n<p>In July, Goldman Sachs Group Inc warned it may slow hiring and cut expenses as the economic outlook worsens.<\/p>\n<p>($1 = 1.3697 Canadian dollars)<\/p>\n<p>(The story corrects job cut number to 10 from 30)<\/p>\n<p> (Editing by Richard Chang and Gerry Doyle)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/business\/rbc-cuts-1-staff\/attachment\/file-photo-financial-institutions-in-the-financial-district-of-toronto\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8S16D-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8S16D-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Divya Rajagopal TORONTO (Reuters) \u2013 Royal Bank of Canada (RBC) cut about 10 jobs in its U.S. investment banking division last week, a spokesperson for the bank said in<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1665478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1665478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1665478"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1665478\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1665478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1665478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1665478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}