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RBC takes steps to address unrealized losses at City National unit

The Royal Bank of Canada has made a series of transactions that should boost the profitability of its struggling U.S. subsidiary. Debt securities that had been owned by City National have lost value as a result of rising long-term bond yields. ....

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RBC takes steps to address unrealized losses at City National unit

RBC takes steps to address unrealized losses at City National unit
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