RBC completes acquisition of City National
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Royal Bank of Canada (RY) Completes City National Acquisition
November 2, 2015 9:49 AM ESTRoyal Bank of Canada (NYSE: RY) announced it has completed the acquisition of City National Corporation ("City National").
"Today is a major milestone for both of our organizations as we create a leader in private and commercial banking and wealth management in the U.S., our second home market," said Dave McKay, President and CEO, RBC. "City National is a great addition to RBC and today we welcome its 3,600 colleagues. I'm excited about combining our capabilities to deepen client relationships and to serve a broader client base with the aim... More
