The head of Royal Bank of Canada said on Tuesday the bank is mulling acquisitions to build its business, particularly in global wealth management, but does not see a blockbuster U.S. retail banking deal any time soon.

Gord Nixon, the chief executive of Canada’s largest bank, which is emerging from the financial crisis sitting on a huge bundle of cash and poised to grow, said the bank is eager to boost its capital markets and wealth management segments. Source

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