Royal Bank of Canada shuts European government bond business

Wed Jul 24, 2013 9:27am EDT
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By Alex Chambers

LONDON, July 24 (IFR) - Royal Bank of Canada has shut down its European government bond trading business, the bank confirmed on Wednesday.

A spokesperson for RBC said the move was a tactical adjustment to its product offering, and that Europe remains a central part of its platform.

This morning the five traders on the desk were informed of the decision, according to several market sources.