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On May 10, local time, Russian Presidents Press Secretary Peskov said that Russia is actively developing relations with many countries and will continue to do so. Peskov pointed out that it is very difficult to isolate Russia because Russia occupies a very important position in the world. In addition, Peskov also said that Russian President Putin is willing to engage with leaders of any country in the world, and he is willing to interact to the extent that they are ready to cooperate.On May 10, California Governor Gavin Newsom criticized the U.S. federal government in a video posted on social media. He said that the U.S. governments current tariff policy "may cause the United States to lose its position as the worlds largest economy." In the video, he criticized the U.S. governments tariff policy for blocking U.S. imports and directly affecting the daily lives of ordinary people. "In a few months, people will lack school bags and Christmas toys. Tariffs will make American families even worse." Newsom said that as the state with the strongest economic power in the United States, California occupies an important position in the global economy, precisely because California is committed to "reducing trade barriers and providing quality services to American consumers", but the current tariff policy is undermining all of this, leading to rising prices and stagnation at ports.Kremlin: European countries statements have a "confrontational character".May 10th news: On the evening of May 9th local time, a US federal judge ruled that the Trump administration may not continue to advance its large-scale layoffs or major restructuring plans for multiple federal agencies based on an executive order issued in February this year.Ukrainian President Zelensky: We all agree that the conflict in Ukraine must be ended "in a dignified and peaceful manner."

According to a spokeswoman, RBC cuts ten investment banking jobs in the US

Skylar Williams

Sep 30, 2022 10:55

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According to an email sent by a bank official on Thursday, Royal Bank of Canada (RBC) cut approximately ten positions last week in its U.S. investment banking office.


According to a spokesman for the U.S. capital markets division, the layoffs, which account for 1% of its U.S. investment banking business, were consistent with "normal attrition."


The capital markets division of Canada's largest bank, RBC, reported a 58% decrease in net income to C$479 million ($350 million) in the third quarter, mostly owing to loan underwriting markdowns of C$385 million in the United States.


RBC's U.S. business consists of retail banking, capital markets, wealth management, treasury services, and wealth management.


Bank of Montreal has also laid off personnel from its U.S. capital markets division, a spokeswoman for the bank said earlier this month, without providing any details.


Rising interest rates in the United States. The efforts of the United States The actions taken by the U.S. Federal Reserve to rein in out-of-control inflation have rocked the global financial markets, depressing the appetite of corporations for mergers and making them apprehensive of stock and debt offers.


Goldman Sachs Group Inc (NYSE:GS) warned in July that it may limit employment and slash spending if the economic outlook worsened.

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