Finance
Citizens Financial Explores Private Credit Partnership
A Citizens bank branch in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Citizens Financial Group Inc. has held discussions with potential partners to grow its private credit business, according to a person with knowledge of the matter, the latest effort by a US bank to push into one of the hottest corners of Wall Street.
The Providence, Rhode Island-based lender, led by CEO Bruce Van Saun, hasn’t yet reached an agreement about a deal, said the person, who requested anonymity because the conversations are confidential. A representative for Citizens declined to comment.