February 01, 2023
An agreement between City National Bank and the U.S. government requiring the bank to make its financial services available in majority-Black and Hispanic areas of Los Angeles has received a California federal judge's approval, ending a suit alleging the company engaged in unlawful redlining.
January 12, 2023
City National Bank reached a $31 million settlement with the U.S. Department of Justice, ending a lawsuit alleging the bank racially discriminated against borrowers in Los Angeles County in the largest deal of its kind, the Justice Department announced in a statement Thursday.