RBC’s City National unit names CFO as management shake-up continues
The new chief financial officer, Chris Doll, is City National’s third recent hire from Fifth Third. At yearend, he will succeed John Bai, who spent close to a decade in roles with Royal Bank of Canada and City National.
Synchrony Financial bought Pets Best ahead of a pandemic-driven boom in the pet insurance business. Now it's selling the subsidiary for a $750 million after-tax gain.
The Federal Reserve's vice chair for supervision said new definitions around community development activities and the ability for banks to invest outside their immediate assessment areas could be a boon to Native Americans and their communities.