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RBC postpones investor day following death of City National chairman emeritus

Royal Bank acquired City National for $5 billion last year, the largest takeover in the Canadian bank's history.

Royal Bank of Canada has postponed a trader day that planned to discuss the recent purchase of Los Angeles-based City National Bank, following a death of the U.S. private and commercial bank’s chairman emeritus and board member Bram Goldsmith.

Goldsmith, who was 93, died on Sunday. He’d served as chief executive of City National from 1975 to 1995.

Royal Bank had scheduled the investor day for analysts and shareholders to take place this Friday in Toronto.

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