City National Bank, the American unit of Royal Bank of Canada, has cut around 100 jobs after recent financial losses, management changes and a regulatory fine of $65 million. “We regularly review our staffing plans and models to ensure they align with our strategic priorities and allow us to best serve our clients and communities,” a spokesperson for City National said in a statement. The job cuts came on the heels of several layoffs announcements by US banking giants including Wells Fargo , Bank of America, and Citigroup as dealmaking dried up and demand from borrowers softened last year. The Office of the Comptroller of the Currency (OCC) had imposed a fine on Cit
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