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British lender to keep Citizens

Royal Bank of Scotland's chief, Stephen Hester, says cost cuts are planned at its US unit

By Ross Kerber and Todd Wallack
Globe Staff / February 27, 2009

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Troubled British lender Royal Bank of Scotland PLC yesterday said it will not sell its US banking franchise, Citizens Financial Group, but instead plans a round of cost cutting for the Providence-based unit. (Full article: 602 words)

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