What’s the perception of Canadian banks in the US? There are 5 major banks in Canada that dominate the Canadian investment banking segment: - Royal Bank - CIBC - TD - BMO (Bank of Montreal) - Scotia Specifically, what are the reps of BMO and Royal Bank in NYC? Are they viewed as 2nd tier (comparable to something like Bear Stearns) or even 3rd tier (comparable to Wachovia or other MM shops)? I know that Royal Bank and CIBC sometimes rank in the top 15 in the league tables but am not sure what the perceptions of them are from folks in NYC. Thanks.
3rd tier…is Royal Bank RBC? Probably comparable to Jefferies or Vining Sparks
Yes RBC = Royal Bank