(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 EconomyPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle Intensifies With $81 Billion Subsidy SurgeStopnik, 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.