Comments (12)

Feb 7, 2019

bump

Feb 7, 2019

No

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Feb 7, 2019

Yes, because advising on one large deal automatically makes you a BB.

But really, no

Most Helpful
Feb 7, 2019

It has been on track for the last couple years, especially with the decline of DB/UBS

Array

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Feb 7, 2019

RBC is one of the 20 or so primary dealers...which makes them a BB

just google it...you're welcome

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Feb 8, 2019

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.

KC

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Feb 8, 2019

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.

Feb 8, 2019

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.

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Feb 8, 2019

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.

Feb 10, 2019

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

Swinging Through

Feb 10, 2019

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.

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  • flexingonyourparents
  •  Feb 10, 2019
Comment
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