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Bloomberg Businessweek
Citizen Working on Becoming the Innovation Sector’s Go-To Bank
Jun 25, 2024
10:17
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Brendan Coughlin from Citizens Financial Group discusses filling the void in private banking. Topics include challenges in transferring accounts, economic landscape insights, Pool Corp's earnings guidance, advantages of Citizen's Financial, growth opportunities in private banking, and private bank strategies.
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Quick takeaways
- Coughlin highlights stable credit charges amidst uncertain economy.
- Citizens Financial Group targets high net worth clients for banking growth.
Deep dives
Citizens Financial Group's Strategy Amidst Economic Uncertainty
Citizens Financial Group's Vice Chairman, Brendan Coughlin, discusses the uncertain economic environment characterized by factors such as high spending, normalized excess cash spending post-COVID, and stable delinquency rates. Coughlin highlights that while the economy remains relatively uncertain, the consumer's health is generally good with stable credit charges. He emphasizes the importance of monitoring the economy for a potential soft landing amidst various economic indicators.
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