RBS Said to Plan IPO for U.S. Citizens Financial Group Unit

RBS Said to Plan IPO for U.S. Citizens Financial Group Unit

Chris Ratcliffe/Bloomberg

Royal Bank of Scotland Group Plc, based in Edinburgh, has been under pressure from U.K. Financial Investments Ltd., the steward of the government’s 81 percent stake in the bank, and lawmakers to sell the U.S. consumer and commercial lender it acquired in 1988.