Citizens Financial Group Inc news and trends

Citizens Financial Group CEO Predicts Limited Consolidation in Banking Sector

September 06, 2023
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Citizens Financial Group CEO Predicts Limited Consolidation in Banking Sector

September 06, 2023
Consolidation in the U.S. banking sector is expected to be limited in the near future due to high interest rates and regulatory pressures, according to Citizens Financial Group CEO Bruce Van Saun. The current high interest rates make it difficult for banks to make profitable acquisitions, Van Saun said, according to a Bloomberg report Wednesday (Sept. 6). Additionally, the […]