TITLE

Will U.S. Bancorp's Branch Deal Start a Big-Bank M&A Thaw?

AUTHOR(S)
Barba, Robert
PUB. DATE
January 2014
SOURCE
American Banker;1/ 8/2014, Vol. 179 Issue 4, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses Minnesota bank U.S. Bancorp's $315 million deal to buy 94 branches in Chicago, Illinois from a U.S. unit of Royal Bank of Scotland (RBS), noting the deal needs regulatory approval and is expected to close in midyear 2014. The discussion topics include RBS' planned initial public offering of its Citizens Financial Group in Rhode Island and U.S. Bancorp Chief Executive Officer Richard Davis' stance on the merger and acquisition (M&A) market.
ACCESSION #
93576059

 

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