Doug Alexander

City National's sale to RBC bestows new wealth on two men who have served as Hollywood's private bankers since Steven Spielberg filmed "Jaws."

Bank of Nova Scotia's ING Direct unit sees growth potential in wealth management after it completes efforts to add deposits and customers and introduces a credit card, said Peter Aceto, who heads the business.

First-half revenue at the six biggest U.S. banks climbed for the first time in four years, fueling profits and vindicating Bank of America Corp. and Morgan Stanley leaders who presided over stock slumps.

Royal Bank of Canada, the country’s largest lender by assets, will consider acquisitions of as much as $4.9 billion as it seeks to expand its wealth- management unit, Chief Financial Officer Janice Fukakusa said.

Royal Bank of Canada said second-quarter profit rose 26% as acquisitions fueled returns.

Royal Bank of Canada, the first Canadian lender to report fourth-quarter results, said profit rose 22 percent on higher trading and investment-banking fees, beating analysts’ estimates.

Royal Bank of Canada will probably miss its 2015 target of C$2 billion ($2 billion) in annual earnings from asset management because of low interest rates, executive George Lewis said.

Lloyd C. Blankfein, chief executive officer of Goldman Sachs Group Inc., said he would invest in real estate as central banks around the world focus on avoiding deflation.