Blair Fleming, head of RBC Capital Markets U.S., speaks in an interview from his offices in New York March 1, 2016. Royal Bank of Canada plans to boost its share in the U.S. investment banking market by tapping opportunities with existing mid-sized and large clients and filling gaps left by European banks that are scaling back, one of its key executives said. Picture taken March 1, 2016. REUTERS/John Tilak 

People walk near a branch of the Credit Europe Bank, with a mosque seen in the background, in Moscow, Russia, February 10, 2016. Turkish business conglomerate Fiba Group has put up for sale its Russian mid-sized lender Credit Europe Bank, two banking sources told Reuters, against a backdrop of a diplomatic row between Moscow and Ankara that shows no sign of abating. REUTERS/Sergei Karpukhin

Workers remove snow outside a branch of the Credit Europe Bank in Moscow, Russia, February 10, 2016. Turkish business conglomerate Fiba Group has put up for sale its Russian mid-sized lender Credit Europe Bank, two banking sources told Reuters, against a backdrop of a diplomatic row between Moscow and Ankara that shows no sign of abating. REUTERS/Sergei Karpukhin

People get out of a branch of the Intercommerz bank in Moscow, Russia, February 8, 2016. Russia's central bank revoked the banking license of mid-sized Intercommerz bank on February 8 for failing to meet capital requirements and inadequately evaluating risks. REUTERS/Sergei Karpukhin 

People wait outside a branch of the Intercommerz bank in Moscow, Russia February 8, 2016. Russia's central bank revoked the banking license of mid-sized Intercommerz bank on February 8 for failing to meet capital requirements and inadequately evaluating risks. REUTERS/Sergei Karpukhin 

A woman stands outside a branch of the Intercommerz bank in Moscow, Russia February 8, 2016. Russia's central bank revoked the banking license of mid-sized Intercommerz bank on February 8 for failing to meet capital requirements and inadequately evaluating risks. REUTERS/Sergei Karpukhin TPX IMAGES OF THE DAY

A magpie flies as smog covers China's capital Beijing on an extremely polluted day, December 1, 2015. REUTERS/Jason Lee 

Seagulls fly near the mouth of the Rio Doce (Doce River), which was flooded with mud after a dam owned by Vale SA and BHP Billiton Ltd burst, as the river joins the sea on the coast of Espirito Santo, in Regencia Village, Brazil, November 22, 2015. REUTERS/Ricardo Moraes TPX IMAGES OF THE DAY

An employee assembles medium voltage switchgears inside the plant of Schneider Electric Infrastructure Ltd. on the outskirts of Vadodara in Gujarat, India, November 5, 2015. Central bank data shows that loans to medium-sized industrial companies were down 10 percent by mid September, compared to the start of the financial year in April. Loans to small companies dropped more than 3 percent in the period. Picture taken November 5, 2015. To match INDIA-INDUSTRY/ REUTERS/Amit Dave 

A worker fills paint in a container inside a Reliable Paints factory at an industrial area on the outskirts of Vadodara in Gujarat, India, November 5, 2015. Central bank data shows that loans to medium-sized industrial companies were down 10 percent by mid September, compared to the start of the financial year in April. Loans to small companies dropped more than 3 percent in the period. Picture taken November 5, 2015. To match INDIA-INDUSTRY/ REUTERS/Amit Dave 

Employees assemble switchgears inside the plant of Schneider Electric Infrastructure Ltd. on the outskirts of Vadodara in Gujarat, India, November 5, 2015. Central bank data shows that loans to medium-sized industrial companies were down 10 percent by mid September, compared to the start of the financial year in April. Loans to small companies dropped more than 3 percent in the period. Picture taken November 5, 2015. To match INDIA-INDUSTRY/ REUTERS/Amit Dave 

Vivek Sarwate (L), director of MV/LV equipment and transformer tendering and sales support, watches his employee assembling medium voltage switchgear inside the plant of Schneider Electric Infrastructure Ltd. on the outskirts of Vadodara in Gujarat, India, November 5, 2015. Central bank data shows that loans to medium-sized industrial companies were down 10 percent by mid September, compared to the start of the financial year in April. Loans to small companies dropped more than 3 percent in the period. Picture taken November 5, 2015. To match INDIA-INDUSTRY/ REUTERS/Amit Dave 

Employees prepare high voltage transmission switch panels inside the plant of Schneider Electric Infrastructure Ltd. on the outskirts of Vadodara in Gujarat, India, November 5, 2015. Central bank data shows that loans to medium-sized industrial companies were down 10 percent by mid September, compared to the start of the financial year in April. Loans to small companies dropped more than 3 percent in the period. Picture taken November 5, 2015. To match INDIA-INDUSTRY/ REUTERS/Amit Dave 

An employee collects parts from spare stock compartment to assemble switchgears inside the plant of Schneider Electric Infrastructure Ltd. on the outskirts of Vadodara in Gujarat, India, November 5, 2015. Central bank data shows that loans to medium-sized industrial companies were down 10 percent by mid September, compared to the start of the financial year in April. Loans to small companies dropped more than 3 percent in the period. Picture taken November 5, 2015. To match INDIA-INDUSTRY/ REUTERS/Amit Dave 

A worker filters paint using a piece of cloth inside a Reliable Paints factory at an industrial area on the outskirts of Vadodara in Gujarat, India, November 5, 2015. Central bank data shows that loans to medium-sized industrial companies were down 10 percent by mid September, compared to the start of the financial year in April. Loans to small companies dropped more than 3 percent in the period. Picture taken November 5, 2015. To match INDIA-INDUSTRY/ REUTERS/Amit Dave 

People discuss the country's economic situation along a street in capital Nairobi November 10, 2015. Tight liquidity in Kenya's money market and central bank intervention have stabilised the shilling and prices, helping ensure sustainable growth, the central bank governor said Tuesday. Governor Patrick Njoroge also told a senate committee that the central bank would improve banking supervision after the mid-sized lender Imperial Bank was taken into receivership last month because of fraud, which rattled investors and the public. REUTERS/Noor Khamis 

People discuss the country's economic situation along a street in capital Nairobi November 10, 2015. Tight liquidity in Kenya's money market and central bank intervention have stabilised the shilling and prices, helping ensure sustainable growth, the central bank governor said Tuesday. Governor Patrick Njoroge also told a senate committee that the central bank would improve banking supervision after the mid-sized lender Imperial Bank was taken into receivership last month because of fraud, which rattled investors and the public. REUTERS/Noor Khamis 

An attendee touches the outside of an inflating hot air balloon during the 2015 Albuquerque International Balloon Fiesta in Albuquerque, New Mexico, October 7, 2015. REUTERS/Lucas Jackson TPX IMAGES OF THE DAY

Hot air balloons lift off during the 2015 Albuquerque International Balloon Fiesta in Albuquerque, New Mexico, October 7, 2015. REUTERS/Lucas Jackson

Hot air balloons lift off during the 2015 Albuquerque International Balloon Fiesta in Albuquerque, New Mexico, October 7, 2015. REUTERS/Lucas Jackson

Hot air balloons lift off during the 2015 Albuquerque International Balloon Fiesta in Albuquerque, New Mexico, October 7, 2015. REUTERS/Lucas Jackson

Attendees watch as hot air balloons lift off during the 2015 Albuquerque International Balloon Fiesta in Albuquerque, New Mexico, October 7, 2015. REUTERS/Lucas Jackson

Hot air balloons lift off during the 2015 Albuquerque International Balloon Fiesta in Albuquerque, New Mexico, October 7, 2015. REUTERS/Lucas Jackson

Hot air balloons lift off during the 2015 Albuquerque International Balloon Fiesta in Albuquerque, New Mexico, October 7, 2015. REUTERS/Lucas Jackson

Hot air balloons lift off over railroad tracks during the 2015 Albuquerque International Balloon Fiesta in Albuquerque, New Mexico, October 7, 2015. REUTERS/Lucas Jackson

Attendees watch as hot air balloons lift off during the 2015 Albuquerque International Balloon Fiesta in Albuquerque, New Mexico, October 7, 2015. REUTERS/Lucas Jackson

Attendees watch as hot air balloons lift off during the 2015 Albuquerque International Balloon Fiesta in Albuquerque, New Mexico, October 7, 2015. REUTERS/Lucas Jackson

Police officers salute as the Star Spangled Banner is played to mark the beginning of a lift off during the 2015 Albuquerque International Balloon Fiesta in Albuquerque, New Mexico, October 7, 2015. REUTERS/Lucas Jackson

Hot air balloons drift through the sky during the 2015 Albuquerque International Balloon Fiesta in Albuquerque, New Mexico, October 4, 2015. REUTERS/Lucas Jackson TPX IMAGES OF THE DAY

Hot air balloons are prepared for a flight as others take off during an international hot air balloon festival at Maayan Harod National park in northern Israel September 30, 2015. REUTERS/Baz Ratner TPX IMAGES OF THE DAY

A hot air balloon is prepared for a flight during an international hot air balloon festival at Maayan Harod National park in northern Israel September 30, 2015. REUTERS/Baz Ratner 

Employees work on a new jet Embraer Legacy 500 in Sao Jose dos Campos, Brazil, September 23, 2015. Fractional private jet provider Flexjet is counting on Embraer's new Legacy 450 and 500 for the bulk of a mid-size business jet program that could grow beyond a quarter of its fleet, Chief Executive Mike Silvestro said on Tuesday. Flexjet received its first Legacy 500 this week and expects four more by the end of the year, Silvestro said in a telephone interview. Deliveries of the Legacy 450 start in June 2016. Picture taken on September 23, 2015. REUTERS/Roosevelt Cassio 

A employee works on a new jet Embraer Legacy 500 in Sao Jose dos Campos, Brazil, September 23, 2015. Fractional private jet provider Flexjet is counting on Embraer's new Legacy 450 and 500 for the bulk of a mid-size business jet program that could grow beyond a quarter of its fleet, Chief Executive Mike Silvestro said on Tuesday. Flexjet received its first Legacy 500 this week and expects four more by the end of the year, Silvestro said in a telephone interview. Deliveries of the Legacy 450 start in June 2016. Picture taken on September 23, 2015. REUTERS/Roosevelt Cassio 

A employee works on a new jet Embraer Legacy 500 in Sao Jose dos Campos, Brazil, September 23, 2015. Fractional private jet provider Flexjet is counting on Embraer's new Legacy 450 and 500 for the bulk of a mid-size business jet program that could grow beyond a quarter of its fleet, Chief Executive Mike Silvestro said on Tuesday. Flexjet received its first Legacy 500 this week and expects four more by the end of the year, Silvestro said in a telephone interview. Deliveries of the Legacy 450 start in June 2016. Picture taken on September 23, 2015. REUTERS/Roosevelt Cassio 

Employees work on a new jet Embraer Legacy 500 in Sao Jose dos Campos, Brazil, September 23, 2015. Fractional private jet provider Flexjet is counting on Embraer's new Legacy 450 and 500 for the bulk of a mid-size business jet program that could grow beyond a quarter of its fleet, Chief Executive Mike Silvestro said on Tuesday. Flexjet received its first Legacy 500 this week and expects four more by the end of the year, Silvestro said in a telephone interview. Deliveries of the Legacy 450 start in June 2016. Picture taken on September 23, 2015. REUTERS/Roosevelt Cassio 

Employees work on a new jet Embraer Legacy 500 in Sao Jose dos Campos, Brazil, September 23, 2015. Fractional private jet provider Flexjet is counting on Embraer's new Legacy 450 and 500 for the bulk of a mid-size business jet program that could grow beyond a quarter of its fleet, Chief Executive Mike Silvestro said on Tuesday. Flexjet received its first Legacy 500 this week and expects four more by the end of the year, Silvestro said in a telephone interview. Deliveries of the Legacy 450 start in June 2016. Picture taken on September 23, 2015. REUTERS/Roosevelt Cassio 

A bell is pictured at the Flight 93 National Memorial, where it will toll for each of the 40 passengers that perished on Flight 93, before a remembrance service in Shanksville, Pennsylvania September 11, 2015. Relatives gathered to commemorate nearly 3,000 people killed in the September 11 attacks in New York, Pennsylvania and outside Washington 14 years ago, when airliners hijacked by al Qaeda militants brought death, mayhem and destruction. REUTERS/Mark Makela 

A bell is pictured at the Flight 93 National Memorial, where it will toll for each of the 40 passengers that perished on Flight 93, before a remembrance service in Shanksville, Pennsylvania September 11, 2015. Relatives gathered to commemorate nearly 3,000 people killed in the September 11 attacks in New York, Pennsylvania and outside Washington 14 years ago, when airliners hijacked by al Qaeda militants brought death, mayhem and destruction. REUTERS/Mark Makela 

Bells are tolled for each of the 40 passengers that perished on Flight 93 during a memorial service at the Flight 93 National Memorial, which officially opened yesterday in Shanksville, Pennsylvania September 11, 2015. Relatives gathered to commemorate nearly 3,000 people killed in the September 11 attacks in New York, Pennsylvania and outside Washington 14 years ago, when airliners hijacked by al Qaeda militants brought death, mayhem and destruction. REUTERS/Mark Makela 

Bells are chimed for each of the 40 passengers that perished on Flight 93 during a memorial service at the Flight 93 National Memorial, which officially opened yesterday in Shanksville, Pennsylvania September 11, 2015. The $50m visitor center, designed by Paul Murdoch, commemorates the 40 passengers and crew who died near Shanksville, Pennsylvania on September 11, 2001, when one of the four planes overtaken by al Qaeda terrorists crashed into a Pennsylvania field. REUTERS/Mark Makela 

A boy compares the size of his shoe with holes punched through a wooden fence by the horns of a bull, after an Azorean "tourada a corda" (bullfight by rope) held by Portuguese-Canadians in Brampton, Ontario August 15, 2015. Bulls in a tourada a corda are held by a rope controlled by a team of men to make sure the animal does not cause serious injury. Bulls are never killed, in contrast with bullfighting in Spain. The Portuguese population in Canada, numbering 429,000 in the 2011 census, mainly centers around Toronto with immigrants from the nine islands of the mid-Atlantic Azores archipelago. Picture taken August 15, 2015. REUTERS/Chris Helgren 

A customer buys onions from a stall at a local vegetable market in Mumbai, India, August 6, 2015. When India's Hindustan Construction Ltd (HCC) was building a bridge in 2008 to transform the congested commute in Mumbai, its stock was at a record high as low interest rates had sparked a construction boom. Today, like many small- and mid-sized Indian firms, Hindustan Construction is struggling, after a borrowing binge that saw its debt surge from $674 million in fiscal year 2007/2008 to $1.6 billion in 2014/15, according to Thomson Reuters data. To match story INDIA-INFLATION/ REUTERS/Shailesh Andrade 

Hot air balloons land near a farmhouse as seen from a flying balloon just after sunrise on day one of the 2015 New Jersey Festival of Ballooning in Readington, New Jersey, July 24, 2015. More than 100 hot air balloons are taking part in the three-day festival, one of the largest of its kind in North America, according to organizers. REUTERS/Mike Segar 

A man walks past a billboard made in the shape and size of a bull displayed outside a shop in downtown Malaga, southern Spain, July 23, 2015. Spain's jobless rate dropped to its lowest level in over three years in the second quarter, offering a boost to Rajoy as he seeks to persuade voters that an economic recovery is taking root. At 22.4 percent, the unemployment rate is still higher than anywhere else in Europe bar crisis-hit Greece and has not dipped below a fifth of the workforce in five years, even after Spain exited recession in mid-2013. REUTERS/Jon Nazca 

A worker pushes a billboard made in the shape and size of a bull to place it inside a shop in downtown Malaga, southern Spain, July 23, 2015. Spain's jobless rate dropped to its lowest level in over three years in the second quarter, offering a boost to Rajoy as he seeks to persuade voters that an economic recovery is taking root. At 22.4 percent, the unemployment rate is still higher than anywhere else in Europe bar crisis-hit Greece and has not dipped below a fifth of the workforce in five years, even after Spain exited recession in mid-2013. REUTERS/Jon Nazca 

Paddle boarders watch as a single engine water bomber returns to Okanagan Lake for more water during efforts to fight the Westside Road wildfire in Kelowna, British Columbia July 23, 2015. The B.C. Forest Service estimates the uncontained fire's size at 456 hectares (1127 acres), with an evacuation order in effect. REUTERS/Dan Riedlhuber 

A pair of single engine water bombers return to Okanagan Lake for more water during efforts to fight the Westside Road wildfire in Kelowna, British Columbia July 23, 2015. The B.C. Forest Service estimates the uncontained fire's size at 456 hectares (1127 acres), with an evacuation order in effect. REUTERS/Dan Riedlhuber 

A single engine water bomber returns to Okanagan Lake for more water during efforts to fight the Westside Road wildfire in Kelowna, British Columbia July 23, 2015. The B.C. Forest Service estimates the uncontained fire's size at 456 hectares (1127 acres), with an evacuation order in effect. REUTERS/Dan Riedlhuber 

A single engine water bomber returns to Okanagan Lake for more water during efforts to fight the Westside Road wildfire in Kelowna, British Columbia July 23, 2015. The B.C. Forest Service estimates the uncontained fire's size at 456 hectares (1127 acres), with an evacuation order in effect. REUTERS/Dan Riedlhuber 

A trio of single engine water bombers return to Okanagan Lake for more water during efforts to fight the Westside Road wildfire in Kelowna, British Columbia July 23, 2015. The B.C. Forest Service estimates the uncontained fire's size at 456 hectares (1127 acres), with an evacuation order in effect. REUTERS/Dan Riedlhuber 

A U.S. military helicopter travels over the pacific ocean past a setting sun near Cardiff, California June 24, 2015. REUTERS/Mike Blake


TPX IMAGES OF THE DAY

Mohammad Husein, a 29-year-old migrant from the Rohingya community in Myanmar who arrived in Indonesia with 600 others on a boat, poses for a photograph inside a temporary shelter in Lhoksukon, Indonesia's Aceh Province May 13, 2015. The roughly 600 men, women and children from Myanmar and Bangladesh - part of a new wave of Asian 'boat people' - meandered for two days around the Bay of Bengal's southeastern corner on a boat designed for just a third of their number, after they had been abandoned by the captain and his crew, watching for the Malaysian coast to come into sight. Husein left Myanmar in mid-April brimming with hope for a better future, showed an ugly gash on his head. There was a swelling on one of Husein's shins the size of a ping-pong ball, where one of the crew members had struck him with a metal bar when he asked to relieve himself. Picture taken May 13, 2015. REUTERS/Roni Bintang 

A drone flies over buildings destroyed after last week's earthquake in Bhaktapur, Nepal, May 2, 2015. REUTERS/Olivia Harris

Lazio's mascot eagle Olimpia is attacked by a crow as it flies before the start of their Serie A soccer match against Chievo Verona at the Olympic stadium in Rome, Italy, April 26, 2015. REUTERS/Max Rossi TPX IMAGES OF THE DAY

Laid-off worker of Comperj, Vanila da Conceicao, 54, who is unemployed since last October, is pictured at her house Itaborai March 31, 2015. For the 20 men hanging on at the Pousada do Trabalhador, a 600-bed boarding house on the dusty outskirts of this boom town northeast of Rio de Janeiro, the dream that Brazil's oil wealth would bring a better life was over. Their jobs at Comperj, a $15-billion oil refinery being built here in Itabora’ by state-run energy giant Petrobras, are gone, and their employer - a mid-sized engineering company - bankrupt. Picture taken on March 31. REUTERS/Ricardo Moraes 

Laid-off worker of Comperj Eduardo de Moura Guedes, 49, who is for 3 months without salary, is pictured at a room of the Pousada do Trabalhador (Workers Inn), which closed down after the scandal involving Petrobras, on its last day of operations, in Itaborai March 31, 2015. For the 20 men hanging on at the Pousada do Trabalhador, a 600-bed boarding house on the dusty outskirts of this boom town northeast of Rio de Janeiro, the dream that Brazil's oil wealth would bring a better life was over. Their jobs at Comperj, a $15-billion oil refinery being built here in Itabora’ by state-run energy giant Petrobras, are gone, and their employer - a mid-sized engineering company - bankrupt. Picture taken on March 31, 2015. REUTERS/Ricardo Moraes 

Workers of the Pousada do Trabalhador (Workers Inn), which closed down after the scandal involving Petrobras, carry furniture for sale, on its last day of operations, in Itaborai March 31, 2015. For the 20 men hanging on at the Pousada do Trabalhador, a 600-bed boarding house on the dusty outskirts of this boom town northeast of Rio de Janeiro, the dream that Brazil's oil wealth would bring a better life was over. Their jobs at Comperj, a $15-billion oil refinery being built here in Itabora’ by state-run energy giant Petrobras, are gone, and their employer - a mid-sized engineering company - bankrupt. Picture taken on March 31. REUTERS/Ricardo Moraes 

Laid-off workers of Comperj are pictured at a room of the Pousada do Trabalhador (Workers Inn), which closed down after the scandal involving Petrobras, on its last day of operations, in Itaborai March 31, 2015. For the 20 men hanging on at the Pousada do Trabalhador, a 600-bed boarding house on the dusty outskirts of this boom town northeast of Rio de Janeiro, the dream that Brazil's oil wealth would bring a better life was over. Their jobs at Comperj, a $15-billion oil refinery being built here in Itabora’ by state-run energy giant Petrobras, are gone, and their employer - a mid-sized engineering company - bankrupt. Picture taken on March 31. REUTERS/Ricardo Moraes 

Laid-off workers of Comperj are pictured on the balcony of the Pousada do Trabalhador (Workers Inn), which closed down after the scandal involving Petrobras, on its last day of operations, in Itaborai March 31, 2015. For the 20 men hanging on at the Pousada do Trabalhador, a 600-bed boarding house on the dusty outskirts of this boom town northeast of Rio de Janeiro, the dream that Brazil's oil wealth would bring a better life was over. Their jobs at Comperj, a $15-billion oil refinery being built here in Itabora’ by state-run energy giant Petrobras, are gone, and their employer - a mid-sized engineering company - bankrupt. Picture taken on March 31. REUTERS/Ricardo Moraes 

USA-AUTOS/GM - Graphic showing U.S. mid-sized car market from 2010 to 2014. (SIN02)