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Royal Bank of Canada plans to buy City National in $5.4 billion deal

Royal Bank of Canada said on Thursday it will buy Los Angeles-based City National Corp for $5.4 billion in a deal that targets City’s stable of high-net worth clients. City National serves clients in several large metropolitan areas, including New York, Los Angeles, the San Francisco Bay Area and Orange County, Calif. It has several branch offices throughout the Las Vegas Valley.

New Nevada bank association chief has eye on future

Phyllis Gurgevich earned a bachelor’s degree in sociology with a concentration in criminal justice and an English minor from Purdue University. But instead of interviewing criminals or possibly writing true crime novels, she built her career around writing and publishing for trade magazines and running associations.

Apple Pay’s quest to replace plastic meets resistance

When Apple Pay was announced at a highly-choreographed launch event in September, industry analysts and experts declared that the mobile payment system had a shot at doing what other digital wallets have so far failed to do: Dethrone plastic credit and debit cards as shoppers’ default way of making a purchase.