News: City National Corp (CYN.N)

CYN.N on New York Stock Exchange

92.74USD
28 May 2015
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$-0.01 (-0.01%)
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Wed, May 20 2015

BRIEF-City Service announces draft terms of cross-border merger

* Name of company, resulting from merger shall be City Service AS

BRIEF-City Service to merge with unit, delist from NASDAQ OMX Vilnius, list on WSE

* Said on Thursday that at the AGM on April 30 it will propose delisting of its all outstanding shares from trading on the regulated market NASDAQ OMX Vilnius

BRIEF-City Service proposes FY 2014 dividend payment

* Said on Thursday that it proposes to pay dividend for the fiscal year 2014 in the amount of 948,300 euros ($1.01 million) i.e. 0.03 euro per one share

BRIEF-City Service AB Q4 net profit down to LTL 7.26 million

* FY 2014 consolidated revenue from continued operations 619 million lithuanian litas ($216.92 million), up 20 percent year on year

BRIEF-City Service closes AWT Holding 25 pct share transfer deal

* Says on Feb. 12, AWT Holding UAB 25 pct share transfer transaction was closed

Fitch Places City National on Rating Watch Positive with Merger Announcement

(The following statement was released by the rating agency) NEW YORK, January 26 (Fitch) Fitch Ratings has placed City National Corporation's (CYN) long-term Issuer Default Rating (IDR) of 'A-'on Rating Watch Positive. The action follows the announcement that Royal Bank of Canada (RY 'AA'/Stable Outlook) has announced an agreement to acquire CYN for approximately $5.4 billion. A complete list of rating actions follows at the end of this release. KEY RATING DRIVERS - IDRS, VRs AND SENIOR DEB

Canada's RBC targets U.S. wealthy with $5.4 billion City National deal

TORONTO - Royal Bank of Canada is pushing deeper into the U.S. wealth management business, saying on Thursday it will buy Los Angeles-based City National Corp for $5.4 billion in a deal that targets City's stable of high-net worth clients. | Video

RBC CEO sees no need for big acquisitions after City National deal

TORONTO - Royal Bank of Canada is in no rush to do more acquisitions now that its $5.4 billion deal for City National Corp gives it a platform to expand in U.S. wealth management and commercial banking, RBC's chief executive said. | Video

Royal Bank of Canada to buy City National in $5.4 bln deal

TORONTO - Royal Bank of Canada said on Thursday it will buy City National Corp, a U.S. lender serving high net worth clients, in a $5.4 billion deal that marks the latest move by Canada's major banks to expand their wealth management operations abroad.

RBC to buy City National in $5.4 bln deal

Jan 22 - Royal Bank of Canada said it would buy City National Corp, a U.S. lender serving high net worth clients, in a cash-and-stock deal valued at $5.4 billion.

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