The royal bank of canada cuts around 10 jobs in the US.

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The cuts representing 1% of the US investment banking division were in line with "normal attrition".

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The rbc is canada's largest bank and its capital market reported 58% drop in their net income.

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RBC's US business includes wealth management, retail, capital markets and treasury services.

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The Bank of Montreal has also laid of staff in the capital markets of the US.

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Rapid hike of Interest rates by the US federal Government have irritated the Global financial market.

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This hike curbed the company's greed for the deals and debt offerings.

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And cut expenses as the economic outlook worsens.

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