Citizens Bank could withstand deep recession, stress test shows

PROVIDENCE-BASED Citizens Bank’s latest self-performed stress test found the bank could withstand a deep recession. / BLOOMBERG NEWS FILE PHOTO/KELVIN MA
PROVIDENCE – A deep, prolonged recession would cost Providence-based Citizens Bank billions of dollars, but the bank would be able to withstand it, according to Citizens’ latest required stress test. Citizens Financial Group, the bank’s holding company, is “well-positioned to withstand stress due to the strength of its balance sheet, risk profile and capital base,”…

Want More?

Subscribe or register with Providence Business News to keep reading.

for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -