Deals
Banks Grow Amid Cutbacks in London, New York: Corporate Canada
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Royal Bank of Canada is among lenders bucking job-cutting trends in the U.S. and Europe as acquisitions help swell head count at Canada’s biggest banks.
The nation’s eight publicly traded lenders added 8,512 full-time employees in the three months ended July 31, a 2.5 percent increase, regulatory filings show. Most came from the takeover by Toronto-based Royal Bank of RBC Dexia Investor Services, representing the bulk of the 6,938 staff added by Canada’s biggest lender in the fiscal third quarter.