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RBC faces few options but to spin off U.S. trading unit Add to ...

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It is decision time for Royal Bank of Canada on what to do with its proprietary trading group, with the bank likely to spin off a group of traders who have for years brought in an outsized chunk of revenue.

Tuesday brings a long-awaited final draft of the Volcker rule – containing almost 1,000 pages of rules and explanations – the nub of which is that banks operating in the U.S. will be banned from proprietary trading, ie. trading the house money for profit.

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