WASHINGTON—The U.S. Federal Reserve Wednesday approved Royal Bank of Canada's $5.4 billion acquisition of City National Corp.

The approval was a milestone for the deal, which was announced in January, and would expand the Canadian lender's U.S. footprint.

Write to Ryan Tracy at ryan.tracy@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

October 07, 2015 17:55 ET (21:55 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
City National (NYSE:CYN)
Gráfica de Acción Histórica
De Abr 2024 a May 2024 Haga Click aquí para más Gráficas City National.
City National (NYSE:CYN)
Gráfica de Acción Histórica
De May 2023 a May 2024 Haga Click aquí para más Gráficas City National.