City National Corporation Releases Positive Results of 2015 Dodd-Frank Act Company-Run Capital Stress Test
Bose® - SoundSport® Free wireless headphones - BlackCity National Corporation Releases Positive Results of 2015 Dodd-Frank Act Company-Run Capital Stress Test
LOS ANGELES -- City National Corporation (NYSE:CYN), the parent company of wholly owned City National Bank, today announced that it has released the positive results of its company-run 2015 Dodd-Frank Act Stress Test.
About City National
City National Corporation has $32.7 billion in assets. The company's wholly owned subsidiary, City National Bank, provides banking, investment and trust services through 75 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. City National and its investment affiliates manage or administer $62.0 billion in client investment assets, including $48.4 billion under direct management.
On January 22, 2015, City National announced plans to merge with Royal Bank of Canada. This transaction is expected to close later this year, pending regulatory approval and other customary closing conditions.
For more information about City National, visit the company's Website at cnb.com.
Christopher J. Carey, 310.888.6777