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The Minneapolis bank's agreement to buy 94 RBS-owned branches in Chicago is the biggest deal that a big bank has pursued in awhile, and observers will watch the approval process closely for any signs that regulators are warming to the idea of acquisitions by large banks.
January 7 -
The Providence, R.I., bank is introducing the loans at a time when regulators have been lamenting the lack of options for college graduates who are locked into high interest rates.
January 14 -
Royal Bank of Scotland has accelerated its plans to sell its U.S. subsidiary. The company will conduct a partial initial public offering of its Citizens Financial Group unit in the second half of 2014, and plans to fully divest itself through offerings in 2015 and 2016.
November 1 -
Royal Bank of Scotland's U.S. subsidiary is adding staff in lending and wealth management under new CEO Bruce Van Saun as it looks looks to boost its loan portfolio and improve its revenues ahead of its widely anticipated public stock offering.
October 4 -
Royal Bank of Scotland CFO Bruce Van Saun will replace Ellen Alemany as CEO of its U.S. business. He is preparing Citizens Financial for a partial IPO by 2015, though he said in an interview that he is open to "attractive" takeover offers.
May 9
RBS Citizens Financial Group in Providence, R.I., has appointed Tony Di lorio, a former chief financial officer for Deutsche Bank, to its board of directors.
Di lorio will continue to serve on the board of Citizens' parent, Royal Bank of Scotland. He has been on the RBS board since 2011.
Di lorio's "insights into the market dynamics affecting banks and their customers will be valuable to us as we continue making progress toward our goal of being a top-performing regional bank, "Citizens Chairman and Chief Executive Bruce Van Saun said in a press release Wednesday.
Di lorio brings with him years of experience at top financial institutions. He was co-controller of Goldman Sachs (GS) and chief financial officer of the capital markets division of NationsBank, which later became part of Bank of America (BAC). He joined Deutsche Bank in 2001, eventually rising to the position of CFO. After stepping down from the company in 2008, Di lorio worked as senior adviser to EY, the accounting firm formerly known as Ernst & Young.
The announcement comes as Citizens prepares for an
RBS may still be open to