First Republic Crashed and Burned. This Bank Wants to Copy Its Business.

0 19


Regional lender Citizens Finance Group Last month, it launched a new private bank for wealthy clients. His inspiration: First Republic Bankwhich fell at the beginning of this year The second largest bank failure in history.

Providence, RI-based Citizens is spending tens of millions of dollars hiring former First Republic employees. He hopes the strategy will help him crack the market he has long coveted. Executives said they plan to copy only the good parts of First Republic, such as the popular customer service.

Copyright ©2023 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8



Source link

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More