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RBC Exclusive: The $2.95bn Bank Rescue Injection Explained

During the course of this year, the Royal Bank of Canada (RBC) has made a significant investment of $2.95 billion into City National Bank.

Royal Bank of Canada (RBC) injects $2.95 billion into City National Bank to address balance sheet issues and improve performance. PHOTO: Getty Images
Royal Bank of Canada (RBC) injects $2.95 billion into City National Bank to address balance sheet issues and improve performance. PHOTO: Getty Images

This move was made as part of an initiative to address the financial condition of City National Bank’s subsidiary in California.

The information regarding this capital infusion was disclosed in City National’s

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