Is RBS Preparing 2014's Biggest Bank IPO In The U.S.?
- Royal Bank of Scotland plans to raise as much as $4 billion, selling 29 percent of its shares between $23 and $25 each.
- Citizens Financial, a unit of RBS, is the US’s 13th largest bank and made $479 million in first half of 2014.
- The bank is selling at least 140 million shares, with an option to sell another 21 million. However, it failed the qualitative part of the Federal stress test.