LA’s Bank to the Stars Cuts About 100 Jobs After Losses, Fines

City National Bank, the Los Angeles-based lender that banks some of Hollywood’s biggest stars, slashed about 100 employees this week following financial losses, management changes and regulatory fines.

The latest job cuts follow a 5% workforce reduction that occurred in the quarter ended Oct. 31. The bank has about 6,200 employees.

“We regularly review our staffing plans and models to ensure they align with our strategic priorities and allow us to best serve our clients and communities,” spokesperson Diana Rodriguez said in an email.

“As a result, we have made the difficult decision to eliminate a targeted number of ...