Skip to content
Link copied to clipboard

Report: Citizens’ parent may need more after $24B rights offering

Royal Bank of Scotland Group Plc may have less capital than its largest peers and go back for more after raising $23.5 billion in Europe's biggest rights offering, according to Deutsche Bank AG.

Royal Bank of Scotland Group Plc may have less capital than its largest peers and go back for more after raising $23.5 billion in Europe's biggest rights offering, according to Deutsche Bank AG.

Edinburgh-based RBS is the parent of Connecticut-based Citizens Bank, which has the second-largest bank-branch network in Philadelphia and its Pennsylvania suburbs, after Wachovia Corp.

RBS has lost 19 percent of its market value since it announced the rights offer April 22.