Tuesday, October 23, 2012

RBS, U.K Wrestle Over Fate of Citizens

RBS, U.K Wrestle Over Fate of Citizens
I can think of a bank other than TD Bank that would be interested in Citizens.
Santander.
Santander targets 10% penetration for economies of scale Santander Strategy. They were in talks to buy M&T Bank, but those talks never went anywhere.

They have a 44% cost to income ratio, lowest of all the banks. Right now they only own Sovereign which is only in the Northeast:
Sovereign Bank Map

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