From the Business Journal:
Royal Bank of Scotland not selling Citizens Bank parentAh, naming rights. Good times.
Despite a $1.4 billion loss in the fourth quarter, Citizens Financial Group Inc. has made the cut as a core operation at Royal Bank of Scotland Group Plc. RBS on Thursday put to rest speculation it would unload the Rhode Island-based banking franchise, which in the Philadelphia area operates Citizens Bank, saying a sale “would be destructive of value and capital.”
But that doesn’t mean the corporate parent of Citizens Bank won’t be making cuts.
Royal Bank of Scotland not selling Citizens Bank parent [ Philadelphia Business Journal ]