Citizens Financial Group will stop originating indirect car loans effective July 1. The financial institution will retain and continue to service the existing auto loans on its balance sheet, Citizens said in a Wednesday (June 7) press release. “As Citizens continues to optimize its balance sheet, this...
The Consumer Financial Protection Bureau (CFPB) and Citizens Financial Group have reached a settlement on a CFPB complaint. Citizens will pay a $9 million civil money penalty to resolve CFPB’s allegations that Citizens Bank, a subsidiary of Citizens Financial Group, failed to properly manage and respond to customers’ disputed credit card transactions...
Regional banks can compete with the bigger banks. So said Citizens Financial Group CEO Bruce Van Saun on Tuesday (April 25) when speaking with Bloomberg’s Baystate Business Hour Podcast. “We go up against the megabanks every day in these markets like Boston,” Van Saun said....
Bank earnings continue to roll in. Beyond the biggest players, J.P. Morgan, Citigroup, and others, the regionals and the super-regional banks have shown some resilient trends: Consumers continue to spend, digital and omnichannel efforts continue to make headway. The deposit volatility that might have been...
April 19, 2023
Bank earnings continue to roll in. Beyond the biggest players, J.P. Morgan, Citigroup, and others, the regionals and the super-regional banks have shown some resilient trends: Consumers continue to spend, digital and omnichannel efforts continue to make headway. The deposit volatility that might have been expected in the wake of the Silicon Valley Bank (SVB) […]
December 10, 2020
Consumers were forced to swiftly adapt to a world where their primary way to interact with businesses or banks became digital-first, with the pandemic seemingly increasing the number of consumers...
July 21, 2023
Regional banks are still facing a variety of pressures, but in terms of deposits they are doing better than they were three months ago. Second-quarter results released this week showed that many regional lenders’ deposits were stable or higher than they were in the first quarter, The Wall Street Journal (WSJ) reported Friday (July 21). Among those […]
June 07, 2023
Citizens Financial Group will stop originating indirect car loans effective July 1. The financial institution will retain and continue to service the existing auto loans on its balance sheet, Citizens said...
May 23, 2023
The Consumer Financial Protection Bureau (CFPB) and Citizens Financial Group have reached a settlement on a CFPB complaint. Citizens will pay a $9 million civil money penalty to resolve CFPB’s allegations that Citizens Bank, a subsidiary of...
April 26, 2023
Regional banks can compete with the bigger banks. So said Citizens Financial Group CEO Bruce Van Saun on Tuesday (April 25) when speaking with Bloomberg’s Baystate Business Hour Podcast. “We...
