Bob Plain is the editor/publisher of Rhode Island's Future. Previously, he's worked as a reporter for several different news organizations both in Rhode Island and across the country.

One response to “RBS Should Spin Off Citizens Bank As IPO”

  1. mangeek

    I’m confused. I thought the progressives wanted the big banks ‘broken up’. Turns out that’s great, as long as it’s not YOUR big bank?

    Citizens was VERY involved with the sub-prime mortgage stuff. I thought progressives wanted those banks shut down/massively fined/broken up? Just not if it’s a bank near us?

    In any case, from what I’ve been hearing, most of the potential buyers would keep the banks themselves here, and probably only fold PART of the operations into their own stuff. I don’t think there’s TOO much to worry about, especially since it seems as if the day-to-day of CFG actually puts money back into RBS.

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