TITLE

Parent Trap: Is RBS Good For Citizens?

AUTHOR(S)
Landy, Heather
PUB. DATE
November 2009
SOURCE
American Banker;11/20/2009, Vol. 174 Issue F315, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article recalls how in 2008, the Royal Bank of Scotland PLC (RBS), the parent company of Citizens Financial Group in Providence, Rhode Island, posted the largest corporate loss in British history. Ellen Alemany, chairman and chief executive of Citizens, discusses the impact of the turmoil at RBS on Citizens. Northwestern University professor Paul Hirsch, investment consultant Arthur Loomis, and banking consultant Suzanne Moot comment on the ability of Citizens to compete and the problems with a weakened corporate parent.
ACCESSION #
45316525

 

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