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City National bank CEO heralds Fed decision to raise rates

By   /  Thursday, December 17th, 2015  /  Banking & Finance, Banking Industry, Latest news, Top Stories  /  Comments Off on City National bank CEO heralds Fed decision to raise rates

The Federal Reserve’s Dec. 16 decision to begin the long process of normalizing short-term interest rates got a thumbs up from one of Southern California’s most influential bankers. City National Bank CEO Russell Goldsmith heralded the decision to raise the benchmark short-term rate to 25 basis points from zero — the first rate hike in Read More →

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