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September 04, 2015 2:49 PM ET

Capital Markets

Company Overview of RBC Capital Markets LLC

Company Overview

RBC Capital Markets LLC offers corporate and investment banking services to corporations, governments, and institutions. The firm’s services include public and private placement of debt and equity securities, strategic alliances, mergers and acquisitions advice, corporate finance, equity and debt underwriting, and structured and project finance. It also offers corporate credit, real estate advisory services, syndicated loans, equity research, sales and trading, risk management, asset securitization, fixed income, money market, and foreign exchange services. The company was founded in 1909 and is based in Toronto, Canada with additional offices in Spain, Netherlands, Israel, Hong Kong, Singap...

Royal Bank Plaza

200 Bay Street

Toronto, ON M5J 2W7

Canada

Founded in 1909

Phone:

416-842-2000

Fax:

416-842-8044

Key Executives for RBC Capital Markets LLC

Chairman and Co-Chief Executive Officer
Age: 58
Chief Financial Officer
Chief Operating Officer
Managing Director
Head of Commodities and Electronic Trading
Compensation as of Fiscal Year 2015.

RBC Capital Markets LLC Key Developments

Scott+Scott Files New Class Action Complaint in Foreign Exchange Lawsuit

Scott+Scott, Attorneys at Law, LLP announced that it has filed a Second Consolidated Amended Class Action Complaint on  behalf a proposed class in In  re Foreign Exchange Benchmark Rates Antitrust Litigation,  Case No. 1:13-cv-7789 (S.D.N.Y.).  When  the original complaint was filed  in  November  of  2013, plaintiffs  alleged  that  since  2003, financial institutions  had conspired to  manipulate the WM/Reuters  Closing Spot Rates in the $5.4 trillion-per-day foreign exchange market.  As  a  result  of  cooperation  obtained  from  certain settling defendants, the complaint  now  alleges  a  broader  conspiracy  -  one  that affected dozens of currency  pairs, including the  seven pairs with  the highest market volume, and impacted trading both over the counter and on exchanges.  More specifically, the complaint  alleges that from  as early as  2003 and continuing through 2013, the world's  major banks used multiple chat rooms - with names such as 'The Cartel', 'The  Bandits' Club', and 'The Mafia' -  to communicate with each other.  As the complaint  explains, being a  member of certain  chat rooms was by invitation only, indicating the secret nature of this conduct.  These electronic chat rooms replaced the classic, smoke-filled backrooms of the past.  In these chat rooms, defendants used code words to avoid detection. The  plaintiffs allege  that defendants  manipulated the  FX market  in at least three  separate respects.  First,  defendants fixed prices  by agreeing to widen bid/ask  spreads on  FX spot  trades.  Bid/ask  spreads represent the difference between  the price at which a bank will buy a currency and the price at which it will sell it, and are a source of profit for banks.  Second,  plaintiffs  allege  that  defendants  manipulated  FX  benchmark rates, including  the  WM/Reuters  Closing  Spot  Rates  and European Central Bank's FX Reference  Rates, as  well as  CME/Emerging Markets  Traders Association Russian ruble/U.S.   dollar   rates.    Finally, defendants exchanged key confidential customer information in an effort to  trigger client stop  loss and limit  orders.  They exploited  these types of orders  by manipulating prices to  move the market to  levels that triggered the stop-loss or limit orders. In  addition to adding  broader allegations of  unlawful behavior, the Complaint accuses  four  defendants  that  were  not  previously  named.   Bank  of Tokyo-Mitsubishi  UFJ  Ltd.,  RBC  Capital  Markets,  LLC,  Société Générale S.A., and Standard  Chartered plc, have been added to the list of banks that the Complaint alleges  conspired to  manipulate the  FX market,  bringing the  total number of defendants to sixteen.

Riocan Real Estate Investment Explores Strategic Alternatives For Us Operations

Riocan Real Estate Investment Trust (TSX:REI.UN) will undertake a strategic review and explore various strategic alternatives regarding its U.S. operations. To assist with this strategic review, RioCan has engaged Morgan Stanley (NYSE:MS) and RBC Capital Markets LLC. RioCan has received approval from its Board of Trustees to explore various strategic alternatives regarding its U.S. operations. These strategic alternatives will include, but are not limited to, continuing to operate and invest in the U.S. portfolio, the sale of some or all of its properties in the U.S., and other strategic joint venture alternatives. RioCan is in the early stages of its review and there can be no assurance that any transaction will occur.

Prospect Capital Prices Senior Notes Offerings

Prospect Capital Corp. on July 27 filed a preliminary pricing supplement related to offerings of undisclosed amounts of its 4.750% senior notes due Aug. 15, 2020, and 5.250% senior notes due Feb. 15, 2022. The trade date for the notes is Aug. 3, and the settlement date is Aug. 6. Interest on the notes will accrue starting Aug. 6 and will be paid Aug. 15 and Feb. 15 of each year, starting Feb. 15, 2016. The company on July 27 also filed a pricing supplement related to offerings of about $1.6 million of its 4.750% senior notes due July 15, 2020, and about $953,000 of its 5.250% senior notes due Jan. 15, 2022. The trade date for the notes is July 27, and the settlement date is July 30. Interest on the notes will accrue starting July 30 and will be paid July 15 and Jan. 15 of each year, starting Jan. 15, 2016. Prospect Capital expects to use the net proceeds from the sales of the notes initially to maintain balance sheet liquidity, involving repayment of debt under its credit facility, if any, and redemption of outstanding notes; investments in high-quality, short-term debt instruments or a combination thereof; and thereafter to make long-term investments.

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