RBC Thoughts
Do people actually do IB at RBC? Or is it more just ECM in disguise? I only see them on MM follow on offerings, but they claim to be a BB.
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They aren't a BB but they are a great shop, solid at M&A. Capital markets stronger than M&A
Not a BB but still a great shop. Solid at M&A, better at capital markets
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I'm not sure you understand how a commercial bank operates if you think RBC does 'ECM' but manage to somehow miss their giant balance sheet and financing practice. Is Wells also an ECM shop? And they don't 'claim to be a BB', they leave that to interns and prospects on WSO to bicker over.
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