For the second time in three months, speculation is swirling that the ailing Royal Bank of Scotland may have to sell its US subsidiary, Citizens Financial Group, to raise money. The latest rumors have been fueled by reports that the British bank’s chief regulator urged RBS chief Stephen Hester in a recent letter to consider selling Citizens, headquartered in Providence. The British government, which bailed out the bank during the financial crisis, still has about an 81 percent ownership stake.
Unlimited access to BostonGlobe.com for only 99 cents for the first 4 weeks.Sign up
Are you a home delivery subscriber?
Get FREE access as part of your print subscriptionStart Here
Contact us for help