Citizens Financial Group · Providence, RI United States
Company Description
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This link will open in a new window One of the largest foreign-owned banks in the country, Citizens Financial Group is the US banking arm of
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Key Citizens Financial Group Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $9,714.0 |
| Employees | 23,179 |
Citizens Financial Group Executives
69 executives listed for Citizens Financial Group's Providence, RI location.
| Title | Name & Bio | Contact |
| Chairman and CEO, Citizens Financial Group and RBS Americas | Ellen Alemany | Network |
| Group EVP and COO, Risk | Thomas Metzger | Network |
| CFO, Citizens Financial Group and RBS Americas | John Fawcett | Network |
Competition
Competitive Landscape for Citizens Financial Group
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Citizens Financial Group Competitors
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