“I think it will happen in the next year or two. It makes sense for business reasons and timing,” Barua told Reuters in a new article that provides the clearest, most detailed assessment so far on when and why RBS is likely to sell off the Providence-based lender.
Citing a Credit Suisse analysis, Reuters reporters Steve Slater and Matt Scuffham say a potential deal for Citizens could net RBS anywhere from $8.8 billion to $13.6 billion.
And while Slater and Schffham echo the conventional wisdom that TD Bank is the most likely buyer, they offer a long list of other potential suitors: PNC, U.S. Bancorp, Mitsubishi UFJ and Itau Unibano. Another option would be Citizens getting split up between TD and another regional lender such as M&T Bank, Fifth-Third, Huntington or KeyCorp.
• Related: Full coverage of a possible Citizens Financial Group sale (Nov. 5 to Aug. 6)