What bank did Royal Bank buy?
Royal Bank of Canada, commonly known as RBC, has executed several major cross-border acquisitions to expand its international wealth management and commercial banking operations. One of its most monumental historical transactions was the acquisition of City National Bank, often referred to as the bank to the stars, based in Los Angeles, California. This multi-billion-dollar buyout significantly anchored RBC's presence in the United States private banking and entertainment-industry wealth management sectors, while its domestic Canadian operations have continuously absorbed localized portfolios and specialized financial service entities.
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