Bloomberg Oil jumped the most in more than a week after a report that Organisation of Petroleum Exporting Countries (Opec) and allied crude producers will discuss deepening supply cuts next month. Futures climbed more than 2% in London and New York on Tuesday. Members of the Opec are concerned about the outlook for demand next year, Reuters reported, citing unnamed …

Bloomberg Royal Bank of Canada (RBC) set a goal nine years ago to become a Top 10 investment bank in the US — but cracking Wall Street’s upper echelons for advising on takeovers had proved elusive. Until now. RBC Capital Markets has risen to the No. 10 ranking for advising on announced US mergers and acquisitions this year, its highest …

Bloomberg US Bancorp is eliminating thousands of branch workers as it adjusts to changing customer preferences, according to a person briefed on the decision. The cuts will be in the low thousands, the person said, asking not to be identified because the number isn’t public. In a memo seen by Bloomberg, Chief Executive Officer Andy Cecere said US Bancorp “made …