Royal Bank of Canada

Money Moves

Parent of City National; prioritizing cost control at the US unit

City National Bank told California regulators on November 3 it plans to cut 22 jobs across two Los Angeles sites, effective January 8, 2027. The notices are filings of intent under the federal WARN Act, which requires 60 days' warning of a mass layoff, not reports that the jobs have already ended.

Updated 5 days ago

Money Moves

Administrative agent and collateral agent for the financing

Deriva Energy closed about $540 million in financing on October 21 for Sullivan County Power, a 350 MW solar farm under construction in Sullivan County, Indiana. When finished it will be the largest project the Charlotte-based developer has built.

Updated Oct 28