The beleaguered Los Angeles-based bank reported its strongest quarterly results in more than a year, but executives at its Canadian parent company cautioned that improvements may not be linear.
City National Bank has been sued for more than $770 million for allegedly bankrolling a Hollywood Ponzi scheme, the latest in a series of controversies involving one of L.A.'s best-known banks.
City National reports layoffs amid focus on controlling costs 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.
City National Bank, the American unit
of Royal Bank of Canada, has cut around 100 jobs after
recent financial losses, management changes and a regulatory
fine of $65 million. We.