RBS seen planning Citizens Financial IPO
(Reuters) – The Royal Bank of Scotland will unveil plans next week to float a portion of its stake in U. S. retail bank Citizens Financial Group Inc, the Telegraph newspaper reported late on Friday. A full sale of Providence, Rhode Island-based Citizens could raise more than 8 billion pounds ($12. 21 billion) for Britain’s largest state-backed lender, which has been under pressure from regulators to strengthen its balance sheet. . . .
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