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RBC decides not to spin off prop trading

Spinning top

Royal Bank of Canada decided against spinning off its U.S. proprietary trading business into a hedge fund, leaving the lender to weigh alternatives to comply with looming banking regulations.



Graph And Coins

Top CEOs fall out of billionaires club

The 13% drop in U.S. stocks from their 2015 highs has not only messed with tens of thousands of working-class 401(k) accounts, but also knocked more than a dozen American executives from the billionaires’ club.