(FILES) This June 7, 2014 file photo shows the RBC Royal Bank outside a branch in Vancouver, Canada. Royal Bank of Canada announced January 22, 2015 that it will purchase US financial group City National Corporation, which serves high net worth and commercial clients, for $5.4 billion. As part of the merger agreement, RBC will pay about $47.25 in cash and 0.7489 of an RBC common share for each share of City National common stock, the bank said in a statement. The total payment will be made out as $2.7 billion in cash and approximately 44 million RBC common shares. RBC already has a strong presence in the United States, where it employs 8,000 people, including more than 3,000 in New York. AFP PHOTO Robert MacPherson
