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Monday 24 March 2014 9:28 pmJapanese bank Sumitomo eyes RBSrsquo Citizens brand in the USBy: Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailRBSrsquo AMERICAN bank Citizens could be sold to Japanese lender Sumitomo Mitsui after the pair held talks about the unit.The bailed-out bankrsquo main plan is to float Citizens on the stock market in an i <a href=https://www.stanley-deutschland.com.de>stanley quencher</a> nitial public offering IPO , starting this year and completing in 2016.Such a sale would follow the path taken by RBS when it floated Direct Line in late 2012.RBS boss Ross McEwan has argued that the bank believes a floatation will offer the bes <a href=https://www.stanleycup.it>stanley borraccia</a> t price for the company.But he has admitted he is open to talks with a trade buyer if <a href=https://www.stanley-cups.com.mx>stanley mexico</a> the purchaser thinks they could offer a better deal.The talks between RBS and Sumitomo are at an informal and early stage, according to the Wall 8200;Street Journal.The US arm is spread across 12 states and has more than 1,400 branches.RBS is selling Citizens as part of its wider plan to shrink down and focus on UK retail and business banking.The sale will also bolster RBSrsquo capital position ndash; the bank is in particular need of the extra funds as it reported losses of pound;8.2bn for 2013, its worst figure since the crisis struck.The bank declined to comment on the talks with Sumitomo.We announced in November 2013 that we would accelerate the initial public offering of Citizens, starting the process in th
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