City Bank failing to appoint head of RBC (3)
I believe the answer is:
ely
'city' is the definition.
(I've seen this before)
I cannot understand how the remainder of the clue works.
Can you help me to learn more?
(Other definitions for ely that I've seen before include "'Isle' in Cambridgeshire" , "Cambs. city" , "Diocese in Eastern England" , "English cathedral city" , "Small city in Cambridgeshire" .)