The Royal Bank of Canada’s (RBC) international wealth management arm, which includes its Asia businesses, has recorded its second quarterly drop in assets under management (AUM) and revenue this year, in its latest financial results. The private bank’s international AUM for Q2 dropped 9% on the previous quarter, to C$9,2 billion (US$7.1 billion). In year-on-year terms, AUM plummeted 47%, from C$17.3 billion (US$13.3…
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