(BUSINESS WIRE)--Durable goods orders for June will be reportedby the Department of Commerce on Wednesday, July 28, indicatingwhether a rebound in manufacturing can sustain the nation's economicrecovery even with a slowdown in the consumer sector. City NationalBank's Chief Investment Officer Richard A. Weiss is available tocomment on the report and what it means for the markets and theeconomy.
WHAT: Expert available for comment on advance orders for durable
goods, to be reported Wednesday, July 28.
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 news radio and television programs.
About City National
City National Corporation (NYSE:CYN) is a financial servicescompany with $13.5 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
SOURCE: City National Bank