RBC could cut 1,800 jobs next quarter ...Middle East

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Royal Bank of Canada could cut more than 1,800 jobs next quarter, the bank said Thursday in its earnings report for the three months ending July 31. Headcount at Canada’s largest bank fell 1% from last quarter, and the Toronto-based lender said it expects to reduce staffing by a further 1% to 2%. The bank counted 93,753 full-time employees as of July 31, according to Reuters — meaning a 2% cut would affect 1,875 workers. RBC CEO Dave McKay said in May that the bank would slow its hiring. The bank attributed much of its downsizing last quarter to attrition and said that would likely continue. “We will continue to monitor the changing landscape and are ready to accelerate further tactical ac

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