The Royal Bank of Scotland Group (RBS) has launched the initial public offering (IPO) to sell 25% stake or 140 million shares of its subsidiary Citizens Financial Group at a price of $23 and $25 per share, which could aggregate to $4bn.
Yesterday, the Royal Bank of Scotland Group plc (LON: RBS) revealed more details about its upcoming spinoff.
The IPO, which will center on RBS's US retail banking arm Citizens Financial, is expected to raise upwards of at least $3 billion with...
LONDON (dpa-AFX) - Royal Bank of Scotland Group plc (RBS, RBS.L) Monday said
it has launched the initial public offering of its Rhode Island-based unit,
Citizens Financial Group Inc.
Royal Bank of Scotland is planning to sell 25 percent or...
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Citizens Financial Group filed for an initial public offering, as its parent, Royal Bank of Scotland Group, faces continuing pressure from U.K. regulators to increase capital and refocus on its British operations.
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