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RBC’s capital markets unit jumps 23% on dealmaking fee rise

The Canadian lender has been looking to grow its dealmaking team

RBC Capital Markets has major ambitions in Europe Roberto Machado Noa/LightRocket via Getty Images
RBC Capital Markets has major ambitions in Europe Roberto Machado Noa/LightRocket via Getty Images Photo: LightRocket via Getty Images

Royal Bank of Canada’s capital markets unit jumped 23% as it was bolstered by improved fees from its investment banking division.

The Canadian lender posted net income of C$1.2bn ($890m) within its capital markets division for the three months ending 31 July, as dealmaking fees also rose 23%.

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