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  1. 29 Σεπ 2023 · Royal Bank of Canada (RBC) on Friday said it had injected capital into its Los Angeles-based subsidiary City National to boost the unit's liquidity and pay down a higher cost of borrowing.

  2. 1 Φεβ 2024 · City National Bank was fined $65 million on Wednesday by federal regulators for failing to maintain proper risk management and internal controls, including those related to money laundering.

  3. 31 Ιαν 2024 · The Office of the Comptroller of the Currency (OCC) today assessed a $65 million civil money penalty against City National Bank, of Los Angeles, California, related to systemic deficiencies in the Bank's risk management and internal controls.

  4. 10 Μαρ 2023 · California's banking regulators shut down Silicon Valley Bank and put it into receivership under the Federal Deposit Insurance Corp. (FDIC). That effectively gives control of the bank to...

  5. 24 Αυγ 2023 · After City National Bank reported a $38 million quarterly loss on Thursday, executives at the Los Angeles bank's Canadian parent company faced tough questions about what's needed to engineer a turnaround.

  6. 28 Φεβ 2024 · City National’s loans and deposits have both increased by about two and half times since 2016, Royal Bank said Wednesday. The Los Angeles-based bank has faced an array of challenges over the past year, including a surge in funding costs amid deposit outflows, which prompted a balance-sheet bailout by its parent, and a regulatory probe into ...

  7. 12 Ιαν 2023 · City National Bank has agreed to pay $31 million to settle a U.S. Justice Department lawsuit alleging racial bias in its home mortgage lending in Los Angeles County.

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