Regional lender Citizens Financial Group opened a caller backstage slope for affluent customers past month. Its inspiration: First Republic Bank, which collapsed earlier this twelvemonth successful the second-largest slope nonaccomplishment successful history.
Citizens, based successful Providence, R.I., is spending tens of millions of dollars hiring erstwhile First Republic staffers. It hopes the strategy volition assistance it ace a marketplace it has agelong coveted. Executives accidental they program to transcript lone the bully parts of First Republic, specified arsenic its beloved lawsuit service.
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