Citing a “continued worsening of an already...
Citing a “continued worsening of an already weak Southern California economy” and continued declines in real estate values, City National Corp. recorded a $62.6-million second-quarter loss, equal to $1.94 per share.
A year earlier, the Beverly Hills-based parent of City National Bank posted a profit of $5.7 million, or 18 cents per share.
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