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Citizens

A man showing the Phildelphia Enquirer presses

Philadelphia Inquirer

When the Philadelphia Inquirer was put up for sale last year, a consortium, led by local entrepreneurs Brian Tierney and Bruce Toll, looked to Citizens Financial Group and RBS for a funding package to give them the edge in their bid to keep the paper in local hands, despite stiff competition.

  • Contribution US$2,917 million
    (2005 – US$2,867 million)
  • Total income up 3%
  • Operating profit up 2%

Citizens Financial Group is engaged in retail and corporate banking activities through its branch network in 13 states in the US and through non-branch offices in 30 other states. Citizens was ranked the eighth largest commercial banking organisation in the US based on deposits as at 30 September 2006. Citizens Financial Group includes the seven Citizens Banks; Charter One; RBS National Bank, our US credit card business; RBS Lynk, our merchant acquiring business; and Kroger Personal Finance, our joint venture with the second-largest US supermarket group.

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The Royal Bank of Scotland Group  © 2007