- Bloomberg
TD, RBC Data Point to Slowing Household Spending in Canada
(Bloomberg) -- Consumer spending in Canada has continued to show signs of weakness over the past two months, according to fresh data from the country’s two largest banks.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindBiden Accuses China of ‘Cheating’ on Trade, Imposes New TariffsFlood of China Used Cooking Oil Spurs Call to Hike US LeviesHow One of the World's Oldest Hedge Funds Went BankruptMacron Puts French Banks in Play With Plan to Transform EuropeToront
- Bloomberg
RBC Taps Stopnik to Lead Revamped Global Investment-Banking Unit
(Bloomberg) -- Royal Bank of Canada has adopted a global structure for its investment-banking business and tapped Matthew Stopnik to head up the division. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Meme ManiaChina to Start $138 Billion Bond Sale on Friday to Boost EconomyTesla Rehires Some Supercharger Workers Weeks After Musk’s CutsStopnik, 52, who’s based in New York, will report directly to directly t
- Reuters
RBC names insider Stopnik as global investment banking head
Royal Bank of Canada has named insider Matthew Stopnik head of global investment banking as part of a larger restructuring within the unit, according to a memo seen by Reuters on Monday. The bank also named Vito Sperduto as the head of RBC Capital Markets in the U.S. RBC, which recognizes a 10% share in investment banking in its home turf, Canada, also has ambitions to venture further into the U.S. market, representing 56% of the global investment banking fee pool.
