RBS Launches Citizens Financial IPO

RBS is selling 25% of its unit, Citizens Financial, in a major share sale to refocus on UK operations and repay government debts. Citizens Financial, a significant player in the US banking sector, faces challenges like lower profitability and failed stress tests. Leadership changes and expansion plans aim to improve its market position. The sale is expected to benefit RBS by strengthening its balance sheet and reducing risk-weighted assets.

What percentage of its overall unit is Citizens Financial planning to sell?

What was the estimated valuation of Citizens Financial mentioned in the text?

How does Citizens Financial's return on equity compare to its competitors?

What challenges did Citizens Financial face regarding its capital plan?

What are the future plans for Citizens Financial in terms of expansion?