Citizens’ growth won’t bow to regulatory thresholds, CRO says
Risk Live: Bank faces stricter capital and liquidity requirements if it crosses $250 billion in assets
Citizens Bank, a $225 billion regional bank headquartered in Providence, Rhode Island, is not allowing its business strategy to be diverted by the looming asset threshold that would subject it to a raft of additional regulatory requirements.
Chief risk officer Richard Stein told the Risk Live North America conference in Nashville that Citizens is taking the possibility of crossing the $250 billion boundary – which would make it a so-called Category III bank under the US Federal Reserve’s tailored
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