(Bloomberg) City National Bank, the Los Angeles-based lender owned by Canada’s largest financial institution, has been hit with a $65 million civil penalty for failing to keep proper risk controls. Most Read from BloombergTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneHouse Passes $78 Billion Business, Child Tax Break BillS&P 500 Has Its Worst Fed-Decision Day Since March: Markets WrapByron Allen
Federal regulators fined City National Bank $65 million for its failure to maintain proper risk management controls, including those related to money laundering.
OCC fines City National $65 million over risk management shortcomings americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
From California to Canada: RBC looks to move jobs north americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.