News Topic: Citizens Financial
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Citizens Financial set to close first of two big acquisitions
Citizens continues buying spree with deal for valuation consulting firm
Citizens building critical mass in New York with Investors deal
Citizens Financial buying Investors Bancorp for $3.5 billion
Citizens adds green deposits to its corporate product mix
Citizens upbeat on mortgages despite revenue slide
Two more regional banks are rethinking overdraft fees
Banks’ biggest CRE headache: A dearth of originations
Citizens CEO says HSBC deal ‘ticks all the boxes'
HSBC exiting U.S. retail banking to focus on wealth business
Citizens open to bank acquisitions, CEO says
Providence, R.I.-based Citizens Financial has largely focused on nonbank deals in recent years, but CEO Bruce Van Saun said the race for scale in the industry is prompting more banks — including his own — to consider mergers. ... Read full article
Citizens launches Citizens Pay brand to boost point-of-sale lending
Citizens Financial Group has branded its point of sale lending software as Citizens Pay, saying it wants to more clearly define it as a merchant tool for "budget-friendly payment options" for customers who want a transparent and predictable way ... Read full article
Citizens hires JPMorgan Chase exec to lead digital expansion
Donald Felix will join the Rhode Island company in January as head of national banking. He recently was responsible for developing a personal finance management strategy for JPMorgan Chase’s consumer bank. ... Read full article
Charge-offs held in check … for now
Banks have managed to steer around trouble spots in energy, hotel and mall-related credits. But fears of further deterioration, an eviction wave or more job losses are keeping lenders circumspect. ... Read full article
Pandemic has put a premium on speed, Citizens CEO says
The slowdown in branch traffic brought on by the coronavirus outbreak has accelerated consumers’ adoption of online banking and other tech, meaning banks have no time to waste in digitizing their customer-facing applications, says Bruce Van Saun. ... Read full article
2Q preview: Regional banks staring at steep profit declines
While elevated loan-loss provisions are expected to eat into all banks’ earnings, midsize banks could suffer more than their big-bank rivals because they have fewer revenue drivers. Meanwhile, investors will be watching closely for any signs of dividend ... Read full article
Banks say they’re gaining on fintechs during pandemic
In wealth management and consumer lending, banks are starting to win back clients they had been losing to startups. ... Read full article
Guarded optimism from bank execs as economy reopens
Leaders of companies including Citizens, Comerica and Truist offered more upbeat assessments of loan demand and credit quality than they have in recent weeks. But others warned of weakness in key sectors such as energy and real estate, and said forbearance ... Read full article
PPP loan forgiveness, BofA’s cost cutting, Amex’s cloud commitment: Top stories of the week
The SBA issues guidance on Paycheck Protection Program loan forgiveness; after staffing up for PPP, Bank of America may need to delay investments to meet cost targets; American Express has leaned hard on cloud tech to help employees work at home during the ... Read full article