Reported 15 days ago
Citizens Financial Group, a major U.S. regional bank, has expressed a minimal interest in participating in mergers and acquisitions, instead focusing on strengthening its existing businesses and private banking efforts. CEO Bruce Van Saun indicated that the bank would prefer to utilize excess capital for share repurchases rather than expansion through acquisitions, citing strong internal growth and profitability. The bank reported a significant increase in net income and earnings per share for the third quarter, highlighting its priority on organic growth and strategic investments.
Source: YAHOO