RBC cutting 15 investment banking jobs in London as M&A deals decline: sources

Royal Bank of Canada is cutting 15 investment banking jobs in London amid a slowdown in activity in the region, sources familiar with the matter told Reuters.

RBC Capital Markets, the investment banking arm of RBC has in recent years made a series of senior hires in Europe, in an attempt to beef up its mergers and acquisitions (M&A) and equity capital markets (ECM) franchise in the region, where it employs around 200 people in the division.

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