RBC has completed its acquisition of US bank City National for around U$5 billion marking what the mortgage lender calls a “milestone” in its plans to expand across the US and other international markets. RBC will combine its U.S. Wealth Management unit and City National into one line of business to be reported as part of the RBC Wealth Management segment. 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: