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Who wins in the City National bank sale
Who wins in the City National bank sale

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. But it was more than the $5.4-billion price that had the Goldsmith family, which owns a 13% stake in City National, agreeing to part with the bank when it wasn't even for sale. Here's a look at some of the key factors: •340,000. That's how many affluent U.S. households Royal Bank manages investments for, even though it has no branch in the United States. City National, by contrast,...

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