Analyst: RBS will sell Citizens Bank ‘in the next year or two’

It’s only a matter of time before the Royal Bank of Scotland sells Citizens Financial Group, at least in the view of Sanford Bernstein senior analyst Chira Barua.

“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.

Read the whole article here.

• Related: Full coverage of a possible Citizens Financial Group sale (Nov. 5 to Aug. 6)

(photo: Wikipedia)

2 thoughts on “Analyst: RBS will sell Citizens Bank ‘in the next year or two’

  1. US Bank would make a great addition to the area. Big and progressive.

    Way too much over lap for TD Bank. PNC is a good bank but there is some overlap there also.

  2. SEOPledge, the marketing wing of Canrock Ventures, is interested in web businesses interested in improving their organic traffic. We specialize in traffic generation with the use of SEO, SEM, and social media. Please contact us at our contact page on our site.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s