The cuts come a few weeks after BMO reported a drop in earnings
The combined business will operate as TD Cowen, a division of TD Securities
RBC and BMO remain among top 25 as global fees slide
Revenues were generally strong but earnings differed based on loan-loss reserves, Fitch said
Loan growth, margin expansion and trading powered U.S. banks' results
Underwriting fees drop, but completed M&A revenues rise
North American banks insulated, but securities firms could be hit by dropping equities values, Fitch says
Volume and value of equity offering activity drops sharply in Q1, Refinitiv reports
High-level management shifts occurred at several notable firms
BMO leads equity league tables, RBC tops the debt charts. The tech sector accounted for 19% of Canadian IPO activity