|Last Price$90.37||Day Change (%)0.07%|
|Open Price$90.10||Day Change ($)0.06|
|Day Range90.10–90.85||52-Week Range67.35–90.95|
As of Fri 2/27/2015 5:31:00 PM | USD
The $5.4 billion deal could have RBC's regional wealth management business looking more like a wirehouse or private bank than a regional firm.
Toronto-based lender to pay $5.4 billion for California banker to the stars.
Steven Lockshin, the firm's founder, is stepping down from his role as chairman and will be replaced by Richard Gershen, the executive vice president of wealth management at City National , Convergent's parent company.
Noninterest income increased 10% to $82.2 million in the second quarter, largely due to the bank's purchase last year of money manager Rochdale Investment Management.
Vulnerability is growing at a handful of banks.
We prefer companies with little direct exposure to questionable sovereigns.