Entries tagged "Citizens Financial Group"
Since the British government rescued Royal Bank of Scotland Group last year, speculation about what it would cast off as noncore assets ran rampant.
Two more banks are announcing layoffs Wednesday, and more law firms are also doling out pink slips.
Royal Bank of Scotland Group plc, now majority owned by the British government, hired Brendan Russell from Barclays plc to join a team that will help decide which of the company's assets to sell, according to a Bloomberg report. Russell, a traveled M&A exec, worked on Barclays' August sale of its U.K. life insurance unit to Swiss Reinsurance Co. for £753 million ($1.12 billion) in cash....
While Americans digested their holiday dinners, the British government took control of the Royal Bank of Scotland Group plc. But as Americans headed out on Black Friday, the 1,600 branches of Citizens Financial Group, RBS' U.S. unit, operated normally. ...
