Seeking Alpha

TD Bank reportedly considering bid for RBS's U.S. retail business

  • TD has long coveted Royal Bank of Scotland's (RBS) Citizens Bank, reports the Sunday Times, but its interest has grown since this summer. For its part, RBS has played it cool over its desire for a quick sale - publicly continuing to target late 2014 or early 2015 as a time frame for an IPO - but U.K. politicians (the government owns 82% of the bank) are pressing the bank and new CEO Ross McEwan to focus on domestic lending and building capital.
  • Citizens Bank is estimated to be worth as much as £8B.
Comments (1)
  • tunaman4u2
    , contributor
    Comments (3192) | Send Message
     
    Hey thats my bank! TD advertises no rope lines & citizens is all about em so I say NO DEAL ha ha
    13 Oct 2013, 09:18 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs