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Monday, March 23, 2015

BRIEF-RBS says to sell part of U.S. bank Citizens, (NYQ: RBS)

Royal Bank Of Scotland Group Plc * Intention to sell part of citizens financial group* A further 17.25 million shares will be made available by RBSG under a 30 day over-allotment option* Offering is expected to comprise 115 million shares of citizens' common stock, equivalent to 21 percent of CFG's common stock excluding an over-allotment option* If over-allotment option is exercised in full, RBSG's remaining stake would be 252.5 million shares or 46.1 percent of CFG's common stock

The Royal Bank of Scotland Group plc (RBSG) is a holding company. Shares of RBS traded higher by 3.81% or $0.39/share to $10.63. In the past year, the shares have traded as low as $9.83 and as high as $12.64. On average, 467808 shares of RBS exchange hands on a given day and today's volume is recorded at 575437.