TITLE

RBS Woes Renew Talk On Citizens

AUTHOR(S)
Kuehner-Hebert, Katie; Davis, Paul
PUB. DATE
December 2008
SOURCE
American Banker;12/3/2008, Vol. 173 Issue 232, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the British government may force the Royal Bank of Scotland Group PLC (RBS) to sell its noncore businesses, including Citizens Financial Group, its subsidiary in the U.S. Analysts believe that Citizens would probably be very easy for RBS to sell in the U.S. because of its $191 billion in assets. National City Corp., which was in a similar position to Citizens, was purchased by PNC Financial Services Group Inc.
ACCESSION #
35567339

 

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