(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 WindChina to Start $138 Billion Bond Sale on Friday to Boost EconomyGameStop Shares Soar as ‘Roaring Kitty’ Revitalizes Meme ManiaPutin Names Economist as Defense Minister in Surprise ReshuffleStopnik, 52, who’s based in New York, will report directly to directly t
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.
Amidst a backdrop of fluctuating inflation trends and cautious monetary policy signals from the U.S. Federal Reserve, the Canadian market remains a point of focus for investors seeking stability through dividend stocks. As global economic dynamics influence market sentiments, dividend-paying stocks in Canada may offer a semblance of predictable income in uncertain times.