RBC Capital Markets to become U.S. primary dealer
NEW YORK, July 7 (Reuters) - RBC Capital Markets, the U.S. broker-dealer unit of Royal Bank of Canada (RY.TO: Quote, Profile, Research), will become a U.S. primary dealer on Wednesday, the New York Federal Reserve said on Tuesday.
The addition of RBC will increase the number of firms that deal directly with the Fed to 17. (Reporting by Richard Leong; Editing by Dan Grebler)
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