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RBS 'In Talks' To Sell Citizens To Japanese Bank

Monday, March 24, 2014 - 8:53 PMRBS Citizens, National Association - Details
"One of Japan’s largest banks has approached Royal Bank of Scotland to buy its US retail business ahead of its stock market flotation this year. Sumitomo Mitsui Financial Group is reported to have held early stage talks with RBS about buying Citizens, which the taxpayer-lender currently plans to list on the US market. According to the Wall Street Journal, executives from the two banks met recently to discuss a potential deal to sell RBS Citizens, which operates across 12 US states."
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