rbc merges with cnb

City National Bank announced on Nov. 2 that it has completed its merger with the Royal Bank of Canada, creating a leader in private and commercial banking and wealth management in the U.S.  As previously announced, RBC will combine its U.S. Wealth Management unit and City National into one line of business. City National CEO Russell Goldsmith will lead the combined business from Los Angeles, where City National is headquartered and where it will continue to operate under the City National name.