Thursday, June 24, 2010

So this is where british taxpayers bailout money went

Banks: We're hiring so we can make more home loans

Citizens Bank, meanwhile, is also growing its mortgage operations. The Providence, R.I.-based bank, which operates in a dozen states, increased its lending by 167% in 2009, compared to the year before. Owned by the Royal Bank of Scotland, Citizens ranked as the 24th largest lender in the first quarter of this year

Posted by mark @ 09:33 AM (964 views)
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2 thoughts on “So this is where british taxpayers bailout money went

  • Citizens Financial Group, Inc.is a $144 billion commercial bank holding company. It is headquartered in Providence, R.I., and, through its subsidiaries, has more than 1,500 branches, more than 3,500 ATMs and approximately 22,700 employees. Its two bank subsidiaries are RBS Citizens, N.A. and Citizens Bank of Pennsylvania. They operate a 12-state branch network under the Citizens Bank brand in Connecticut, Delaware, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island and Vermont, and the Charter One brand in Illinois, Michigan and Ohio. CFG has non-branch retail and commercial offices in about 40 states. CFG is owned by RBS (The Royal Bank of Scotland Group plc).

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  • So British Banks are lending….just not in Britain!

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