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The Boston Globe


RBS plans to sell Citizens Bank within three years

Analysts call move a positive for R.I. bank

Royal Bank of Scotland’s plan to sell its entire stake in Citizens Financial Group within three years would unshackle the Providence-based bank from its troubled parent company and potentially give it freedom to grow, analysts say.

The Royal said Friday that it would accelerate an initial public offering to sell a 25 percent stake in its US subsidiary to late next year and sell the rest of its interest through subsequent stock offerings in 2015 and 2016.

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