NYSE:CFG

Citizens Bank, N.A. Announces Redemption of Senior Notes

Retrieved on: 
Thursday, May 2, 2024
Banking, Professional Services, Finance, Rate, CUSIP, Depository Trust Company, Note

today announced the redemption on May 23, 2024 (the “Redemption Date”) all of its outstanding $650,000,000 aggregate principal amount 4.119% Fixed/Floating Rate senior Notes due May 23, 2025 (CUSIP No.

Key Points: 
  • today announced the redemption on May 23, 2024 (the “Redemption Date”) all of its outstanding $650,000,000 aggregate principal amount 4.119% Fixed/Floating Rate senior Notes due May 23, 2025 (CUSIP No.
  • The redemption price for the Notes will be equal to 100% of principal amount of the Notes redeemed, plus any accrued and unpaid interest thereon to, but excluding, the Redemption Date.
  • On and after the Redemption Date, the Notes will no longer be deemed outstanding and interest will no longer accrue on the Notes.
  • Payment of the redemption price for the Notes will be made through the facilities of The Depository Trust Company.

Citizens Business Conditions Index™ Drops in Q1

Retrieved on: 
Tuesday, April 30, 2024
Banking, Professional Services, Finance, CBCI, ISM, Video game

The national Citizens Business Conditions Index™ (CBCI) fell to 48.2 to start the year as business activity normalized from elevated levels in recent quarters.

Key Points: 
  • The national Citizens Business Conditions Index™ (CBCI) fell to 48.2 to start the year as business activity normalized from elevated levels in recent quarters.
  • However, Citizens’ proprietary data showed softening revenue trends during the period after solid performance across most industries in the second half of 2023.
  • “While the Index shows business conditions dipping in the first quarter, the overall U.S. economy remains fairly healthy,” said Eric Merlis, managing director and co-head of global markets at Citizens.
  • “The first quarter index reading shows a business environment that is slowing as higher interest rates weigh on economic conditions,” said Merlis.

Citizens Financial Group to Participate at the Barclays Americas Select Franchise Conference

Retrieved on: 
Monday, April 29, 2024
Banking, Professional Services, Citizens Financial Group, GMT, CFG, Conference

Citizens Financial Group, Inc. (NYSE: CFG) announced today that Chairman and CEO Bruce Van Saun will participate at the Barclays Americas Select Franchise Conference to be held on Wednesday, May 8, 2024 at 10:45 am GMT.

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) announced today that Chairman and CEO Bruce Van Saun will participate at the Barclays Americas Select Franchise Conference to be held on Wednesday, May 8, 2024 at 10:45 am GMT.
  • The live webcast will be available at https://investor.citizensbank.com under Events & Presentations.

Citizens Financial Group, Inc. Reports First Quarter 2024 Net Income of $334 million and EPS of $0.65

Retrieved on: 
Wednesday, April 17, 2024
Banking, Professional Services, Finance, LDR, Security (finance), Capital, NIM, NYC Metro, Citizens Financial Group, Interest, Private banking

Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported first quarter 2024 financial results.

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported first quarter 2024 financial results.
  • The dividend is payable on May 15, 2024 to shareholders of record at the close of business on May 1, 2024.
  • As previously announced, Citizens will host a live conference call to review its first quarter 2024 financial results.
  • Replay Information: A replay of the conference call will be available beginning at 12:00 pm ET on April 17, 2024 through May 17, 2024.

Citizens Financial Group Names Paul Casey to Lead Wealth Business

Retrieved on: 
Monday, April 15, 2024
Banking, Professional Services, Finance, Retail banking, Investment, Morgan Stanley, Wealth management, CFG, Citizens Financial Group, Wealth, Head, Private banking, Creative industries

Citizens Financial Group, Inc. (NYSE: CFG) today announced that Paul Casey will join the bank as Head of Wealth Management, effective July 9.

Key Points: 
  • Citizens Financial Group, Inc. (NYSE: CFG) today announced that Paul Casey will join the bank as Head of Wealth Management, effective July 9.
  • He will lead the bank’s Citizens Wealth Management and Citizens Private Wealth Management organizations, serving the needs of mass affluent, affluent, high-net-worth, and ultra-high-net-worth clients.
  • “Paul is an experienced and well-rounded Wealth Management executive with a proven track record of success and has a long runway here at Citizens,” said Coughlin.
  • The hiring of these high-quality executives demonstrates the strength of Citizens’ growing wealth management platform.

Business Leaders Are Embracing Private Equity Partners, Citizens Survey Finds

Retrieved on: 
Tuesday, April 2, 2024
Finance, Business, Banking, Professional Services, Human Resources, Partnership, Risk, Artificial intelligence, Financial management, Uncertainty, Capital market, Perception, Anxiety

Private equity entered 2024 ready to shop, and a study released today by Citizens reveals many business leaders may be open to making a deal.

Key Points: 
  • Private equity entered 2024 ready to shop, and a study released today by Citizens reveals many business leaders may be open to making a deal.
  • Nearly three quarters (72%) of small- and mid-size businesses in the U.S. view the private equity industry as a source of current or future partnership and funding, according to the survey.
  • “At Citizens, our advisors partner with corporate and PE clients every day to find solutions and execute transactions.
  • Consistent with the findings of the latest Citizens Business Conditions Index™ , the robust demand for labor indicates business conditions remain constructive despite lingering anxiety about rising costs.

Citizens Financial Group Announces First Quarter 2024 Earnings Conference Call Details

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Other Professional Services, Finance, Asset Management, Banking, Personal Finance

Individuals may call in by dialing 877-692-8955, conference ID 7141414

Key Points: 
  • Individuals may call in by dialing 877-692-8955, conference ID 7141414
    The live webcast will be available at http://investor.citizensbank.com under Events & Presentations.
  • A replay of the conference call will be available beginning at 12:00 pm ET on April 17 through May 17, 2024.
  • Please dial 866-207-1041 and enter access code 4035711.
  • The webcast replay will be available at http://investor.citizensbank.com under Events & Presentations.

Citizens Announces $2.4M in Financial Empowerment Grants to Support 137 Nonprofits

Retrieved on: 
Wednesday, March 27, 2024
Banking, Professional Services, Finance, Environment, Partnership, Education, Citizens Financial Group, Research, Learning, Student, Central Falls, Rhode Island, Multimedia

Citizens today announced $2.4 million in financial empowerment grants to support 137 nonprofit organizations, including $415,000 to Junior Achievement as part of the bank’s Citizens Helping Citizens Manage Money program.

Key Points: 
  • Citizens today announced $2.4 million in financial empowerment grants to support 137 nonprofit organizations, including $415,000 to Junior Achievement as part of the bank’s Citizens Helping Citizens Manage Money program.
  • The bank also announced the results of a teen financial wellness survey, published in partnership with Junior Achievement, that demonstrates the need for expanded financial literacy programs.
  • “We are grateful for Citizens leadership in helping promote financial empowerment programs to support the mental and financial health of today’s youth.”
    Citizens Helping Citizens Manage Money is the bank’s financial empowerment program dedicated to providing funding and volunteerism to support programs that give people the confidence and tools they need to budget, save, invest, and pursue their goals.
  • Throughout the year, Citizens colleagues share their time and talents to deliver financial education training to support grant recipients programming.

Citizens Deepens Support for The Andy Warhol Museum with $200,000 Commitment to The Warhol Academy

Retrieved on: 
Wednesday, March 20, 2024
Film & Motion Pictures, Other Philanthropy, Philanthropy, Arts, Museums, Entertainment, Workforce, Museum, Partnership, Andy Warhol, Carnegie Museums of Pittsburgh, Culture, Q&A, CREATE, The Andy Warhol Museum, Creative industries

Citizens today strengthened its partnership with The Andy Warhol Museum by granting an additional $200,000 to The Warhol Academy, the museum’s initiative to empower economic mobility, further emphasizing the critical role of workforce development in building a strong arts and culture economy in Pittsburgh.

Key Points: 
  • Citizens today strengthened its partnership with The Andy Warhol Museum by granting an additional $200,000 to The Warhol Academy, the museum’s initiative to empower economic mobility, further emphasizing the critical role of workforce development in building a strong arts and culture economy in Pittsburgh.
  • The grant extends the Citizens partnership for a second year, creating new fellowship opportunities for young professionals and reinforcing Citizens as the largest corporate supporter of The Warhol Academy’s creative fellowships.
  • Citizens’ support will enable the creation of 28 new fellowships for aspiring artists in the areas of digital content creation, filmmaking and post-production.
  • The discussion, moderated by Morgan Overton, a Pittsburgh-based visual artist and Workforce Director for CREATE PA , also included an audience Q&A with The Warhol Academy fellowship alumni and local business leaders.

Citizens Financial Group Chairman and CEO Awarded Foreign Policy Association Medal; Highlights Vital Role of US Banks in Global Economy

Retrieved on: 
Friday, March 8, 2024
Banking, Professional Services, Finance, Bank Policy Institute, Citizens Financial Group, Partnership, Clearing house, FPA, Policy, Corporation, Foreign Policy, Management

The U.S. banking system remains well-positioned to help boost global growth and act as a steward for existing and new markets, while driving alignment with the values and policies that contribute to collective prosperity, remarked Bruce Van Saun, Chairman and Chief Executive Officer of Citizens Financial Group, while accepting the Foreign Policy Association’s 2024 FPA Medal.

Key Points: 
  • The U.S. banking system remains well-positioned to help boost global growth and act as a steward for existing and new markets, while driving alignment with the values and policies that contribute to collective prosperity, remarked Bruce Van Saun, Chairman and Chief Executive Officer of Citizens Financial Group, while accepting the Foreign Policy Association’s 2024 FPA Medal.
  • Speaking at the Association’s March 7 Financial Services Dinner in New York, Van Saun highlighted America’s contributions to strong global financial systems, rising economic prosperity and the creation of new markets.
  • “The FPA is honored to once again recognize Mr. Van Saun for his longtime commitment to global financial services,” said Noel Lateef, President & CEO, FPA.
  • He is a member of the Bank Policy Institute board and serves on the board of the Partnership for Rhode Island.