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.
The foregoing information is provided as a courtesy to our clients and friends of City National Bank (CNB) for their consideration. Unless otherwise stated, opinions expressed are those of the respective authors and not necessarily those of CNB. The information is provided without warranty and no recommendation or endorsement by CNB is intended or should be inferred unless specifically stated.
City National Bank is a subsidiary of Royal Bank of Canada
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