Business
Deals: The $625-million purchase is latest among banks’ push into the securities industry.
Aug. 2, 2001
Royal Bank of Canada’s purchase of City National Corp., the priciest bank deal since the financial crisis, will create major expansion opportunities for the L.A. banking firm’s key businesses — wealth management, entertainment services, private and commercial banking.
Jan. 26, 2015
The recent acquisition of insolvent Pacific Savings Bank of Costa Mesa by the Canadian financial services conglomerate Royal Trustco Ltd. could represent the beginning of a series of U.S. banking investments by “snowbirds” from north of the border, Canadian financial analysts said Monday.
Oct. 17, 1989
World & Nation
Finance: $26-billion stock deal, which stuns officials, markets, would create No. 3 bank in North America.
Jan. 24, 1998
Royal Bank of Canada’s planned takeover of City National Corp. in Los Angeles moved closer to reality Wednesday when an advocacy group for minority consumers, churches and businesses reversed course, supporting the deal.
June 24, 2015
Royal Bank of Canada, the country’s largest commercial bank, said Thursday that it is increasing its prime rate to 11 3/4 from 11 1/2%.
March 8, 1985
The Federal Reserve is investigating allegations that Royal Bank of Canada teamed up improperly with City National Corp. to make a loan to a client while the proposed combination of the two banks is still pending.
July 17, 2015
Swiss bank UBS said it plans to buy the pension management arm of Royal Bank of Canada for about $230 million in a further expansion of its North American reach.
June 21, 2001
Los Angeles’ “bank to the stars” is going Canadian.
Jan. 22, 2015
Jerry E.
Nov. 11, 1989