Image via discovered:americanbanker.com
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Citizens: Restructuring
Citizens Bank is closing most of its supermarket-based branches and replacing approximately half with new standalone branches in a multiyear transition. The strategy is expected to attract $20-30 billion in low-cost deposits.
Source: discovered:americanbanker.com
The leadership read
Restructuring reshapes the leadership profile as much as the cost base. For Citizens in the sector, it shifts demand toward transformation and turnaround leaders who hold delivery steady while the organisation changes shape. Across Americas, watch where Citizens still invests in leadership; that is the part it means to keep.
Market context: Backdrop: a 102.2 (Warm) Talent Market Index (down 1.7 on the month) with Americas activity easing (-2.4pts).
Citizens: 1 signal in the last 90 days.
From the MitchelLake archive
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