Analyst sees roadblocks ahead for TD Bank acquisition of Citizens

A PROPOSED ACQUISITION of RBS subsidiary Citizens Financial Group by TD Bank would cost $12.8 billion and held RBS repay the $71 billion it owes the British government, but an analyst who tracks TD Bank told the Philadelphia Business Journal Tuesday that the acquisition would face several hurdles. / BLOOMBERG FILE PHOTO/KELVIN MA
A PROPOSED ACQUISITION of RBS subsidiary Citizens Financial Group by TD Bank would cost $12.8 billion and held RBS repay the $71 billion it owes the British government, but an analyst who tracks TD Bank told the Philadelphia Business Journal Tuesday that the acquisition would face several hurdles. / BLOOMBERG FILE PHOTO/KELVIN MA
PROVIDENCE - A financial analyst who follows TD Bank Group believes that a possible bid by the Canadian bank for the Royal Bank of Scotland PLC’s U.S. subsidiary could face several roadblocks, the Philadelphia Business Journal reported Tuesday. The proposed $12.8 billion acquisition of Providence-based Citizens Financial Group, first reported in the Oct. 13 edition…
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