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City National Bank has been sued for more than $770 million for allegedly bankrolling a Hollywood Ponzi scheme, the latest in a series of controversies involving one of L.A.'s best-known banks.
City National Bank, the American unit of Royal Bank of Canada, has cut around 100 jobs after recent financial losses, management changes and a regulatory fine of $65 million. We...
(Bloomberg) -- City National Bank, the Los Angeles-based lender owned by Canada’s largest financial institution, has been hit with a $65 million civil penalty for failing to keep proper risk controls. Most Read from BloombergTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneHouse Passes $78 Billion Business, Child Tax Break BillS&P 500 Has Its Worst Fed-Decision Day Since March: Markets WrapByron Allen
Federal regulators fined City National Bank $65 million for its failure to maintain proper risk management controls, including those related to money laundering.
Billboard repeatedly recognized Henderson in its "Power" and "Women in Music" lists.