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Gordon Nixon, CEO of Royal Bank of Canada, at his Toronto office. Mr. Nixon says the era of big banking deals is over. (Fred Lum/The Globe and Mail/Fred Lum/The Globe and Mail)
Gordon Nixon, CEO of Royal Bank of Canada, at his Toronto office. Mr. Nixon says the era of big banking deals is over. (Fred Lum/The Globe and Mail/Fred Lum/The Globe and Mail)

Blockbuster bank deals thing of the past, RBC head says Add to ...

The days of the blockbuster deal in the banking sector are over.

Though Canadian banks have spent more than $40-billion on acquisitions in the past five years, the ability of financial institutions to execute major transformational deals has all but vanished, the chief executive officer of Royal Bank of Canada said Tuesday.

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