RBC a BB now? Thoughts!
RBC advised BB&T on its merger with SunTrust. It's obviously a huge deal for the bank. Is it a BB now or on a good track becoming one?
RBC advised BB&T on its merger with SunTrust. It's obviously a huge deal for the bank. Is it a BB now or on a good track becoming one?
+153 | How to stop feeling like shit for not making it in IB? | 57 | 9h | |
+115 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 58 | 8h | |
+80 | Updated LA Banking Scene (2024) | 59 | 25m | |
+38 | Ranking banks that went under | 20 | 14h | |
+35 | Burnt Out M&A ASO | 18 | 12h | |
+33 | Relevance of A-Levels for U.K. London recruiting | 24 | 32m | |
+32 | A strategy for SA applicants late to the game like myself | 15 | 19h | |
+27 | Series 79 Help / Tips to Pass The First Attempt | 11 | 2d | |
+26 | Intern Ettiquette | 4 | 21h | |
+23 | What are hours like at BBs in London? | 47 | 21h |
Career Resources
bump
No
Yes, because advising on one large deal automatically makes you a BB.
But really, no
It has been on track for the last couple years, especially with the decline of DB/UBS
RBC is one of the 20 or so primary dealers...which makes them a BB
If DB and UBS are considered BB by industry convention, and RBC's capabilities blow them out of the water..... At some point you have to give them some credit for having a damn solid platform.
One transaction does not a BB make, but one can't deny being sole advisor on a $66 bn transaction is just another push up the totem pole.
No, it's not, no matter how many RBC Analysts come on here and say it is.
It's a solid shop with upward momentum but look at the league tables across all products and geographies. It's the top shop in Canada, a solid MM shop in the US and pretty much non-existent outside of North America. End of story.
Not a BB per se yet, however, management is definitely setting goals to become one in the near future (thing 1-2 years). They are investing massively in the IB division. Half the people from the FIG group (MDs-directors-VPs) in New York are hires from Deutsche bank (at RBC since 2017). RBC is working on becoming a major bank in the US as they are already leaders in Canada.
RBC is a good bank with a solid IB practice but.. can you really say it competes with GS/MS/JPM/Citi/BAML? Maybe once it cracks Top 10 in league tables across multiple continents
There’s no question they compete well with the traditional BBs in North America (particularly in leveraged finance), but I think we get a little bit too caught up here in the US with how things are going locally. All BB banks have a global presence with substantial operations across multiple business lines in not only N.A. but EMEA and APAC as well. I think until RBC has a material foothold in those regions it would be tough to classify them as a BB.
Quos optio et vel. Ipsum iusto dolor ipsa quos libero. Modi et exercitationem est corporis.
Sunt quia aliquid dolores ducimus aperiam natus assumenda. Sequi dicta sapiente aliquam ut ipsa non eveniet. Aliquam similique vel dolores excepturi qui ipsa repellendus quasi. Impedit distinctio ab sed doloremque quo autem molestiae. Esse unde quo molestiae aspernatur reprehenderit magnam.
Maxime animi ex et tempore ratione totam. Cumque pariatur recusandae numquam libero dolorem amet. Nam dolorem nemo quisquam deleniti vel. Recusandae et facere fugit maxime. Et quis saepe consequatur voluptatem doloremque sapiente ipsum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...