Royal Bank of Scotland Group PLC said Thursday that it would cut costs at Citizens Financial Group Inc. but remains committed to its Providence, R.I., banking unit.

The British news media reported last week that Royal Bank was considering selling Citizens' Charter One Corp. in Cleveland.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.