(Bloomberg) Royal Bank of Canada seeks to capture as much as 4.5 percent of the $40 billion pool of U.S. investment-banking fees within three years as it expands operations in the world’s largest market for deal-making. Royal Bank currently collects 3.5 percent of fees paid to investment banks for U.S. activities such as advising on takeovers, arranging equity financing and managing bond sales, according to Blair Fleming, head of RBC Capital Markets in the U.S.
RBC Eyes Bigger Cut of $40bn in US Investment-Bank Fees
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