BANKING

City National Told to Raise $65 Million: The Beverly Hills bank, best known for its close ties to Hollywood, said it signed a written agreement with regulators to bolster its balance sheet with $65 million in capital by June 30 or face sanctions. The bank, an active real estate lender, has been suffering losses stemming from the moribund commercial real estate market in Southern California. Chief Executive Bram Goldsmith said directors have agreed to provide $10 million of the new capital already. City National signed the agreement with the office of the Comptroller of the Currency.