RBC’s City National Puts London on Back Burner to Focus on U.S.

  • City National’s Goldsmith sees better opportunities in U.S.
  • ‘Bank to the Stars’ CEO expects to hire 400 people this year

City National Bank, the California lender bought by Royal Bank of Canada in November, is holding off on a plan to enter the U.K. to focus on U.S. expansion, Chief Executive Officer Russell Goldsmith said.

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