RBC Lures Wall Street Debt Traders With Volumes in U.S. Doubling

RBC Lures Wall Street Debt Traders With Volumes in U.S. Doubling

Reynard Li/Bloomberg

Royal Bank of Canada’s expansion contrasts with the thousands of jobs being cut from the world’s biggest banks as they seek to comply with higher capital withholding requirements and the Dodd-Frank Act, passed by Congress in 2010 to limit the risks banks take with their own money.