Bruce Van Saun, chief executive officer of Citizens Financial Group, speaks during an interview in New York, U.S., on Thursday, March 24, 2022. Citizens Financial Group will continue to lower overdraft fees and will be less aggressive on deals in 2022, Van Saun said. Photographer: Christopher Goodney/Bloomberg via Getty Images (Credit: Getty)
The bad news? They were outbid by JPMorgan Chase for the remnants of SVB.
The good news? Citizens Financial Group is still standing—and apparently in good standing with regulators, something that was underscored by the fact that they were allowed to bid at all.
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