L.A.’s ‘bank to the stars’ is fined $65 million for lapses in its risk controls
Reported by LAURENCE DARMIENTO City National Bank was fined $65 million on Wednesday by federal regulators for failing to maintain proper risk management and internal controls, including those related to money laundering. Long known as L.A.’s “bank to the stars” for its close ties to the entertainment industry, the bank entered into a civil consent […]