BOSTON, MA -- (Marketwired) -- 01/23/14 -- The First Marblehead Corporation (NYSE: FMD) today announced that it, along with its wholly owned subsidiary Union Federal Savings Bank ("Union Federal"), has entered into a loan purchase and sale...
As part of the deal, U.S. Bancorp’s banking unit will acquire about $5.3 billion in deposits and $1.1 billion in loans, giving it about $11.3 billion in deposits in the Chicago area. Citizens Financial is a unit of the Royal Bank of Scotland.
Bruce Van Saun, Royal Bank of Scotland’s finance director, has been appointed chief executive of the Citizens Financial Group, the company's United States unit, two years ahead of its planned initial public offering.
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