--(BUSINESS WIRE)--The Federal Reserve Board's Open MarketCommittee likely will announce an increase in short-term interestrates for the first time in more than four years at the conclusion ofits next policy meeting on Wednesday, June 30. City National Bank'sChief Investment Officer Richard A. Weiss is available to comment onthe expected increase and how rising rates might affect the markets,the economy, consumers and businesses.
WHAT: Expert available for comment on the Federal Reserve's anticipated increase in short-term interest rates. WHO: Richard A. Weiss Executive Vice President & Chief Investment Officer City National Bank As chief investment officer, Weiss oversees the management of nearly $6 billion in client assets. An active conference speaker, he has authored several academic research papers on finance and econometrics, and is a frequent guest on business radio and television programs.
About City National
City National Corporation (NYSE:CYN) is a financial servicescompany with $13.2 billion in total assets. Its wholly ownedsubsidiary, City National Bank, is the largest bank headquartered inSouthern California. As California's Premier Private and BusinessBank(R), City National provides banking, investment and trust servicesthrough 53 offices, including 12 full-service regional centers, inSouthern California, the San Francisco Bay Area and New York City.
City National is ranked among America's top companies in Forbesmagazine's "Super 500" list. It also is one of the nation's top wealthmanagers, according to Barron's magazine. The company and itsaffiliates manage or administer more than $30 billion of client trustand investment assets. For more information about City National, visitthe company's Website at cnb.com.
CONTACT: City National Bank Linda Mueller, 213-833-4719 firstname.lastname@example.org SOURCE: City National Bank