Citizens CEO: Bank Being 'Careful' on Commercial Real Estate

The transcript discusses the impact of the debt ceiling on liquidity management, the effects of recent bank turbulence on business strategies, and the need for cautious lending amid economic changes. It also covers the expansion into New York and community engagement efforts, including a grant for workforce development.

What is the bank's primary strategy to handle the debt ceiling issue?

• Increasing interest rates

• Reducing customer deposits

• Maintaining liquidity

• Expanding loan offerings

How has the bank responded to recent banking turbulence?

• By expanding aggressively

• By increasing liquidity and being cautious with credit

• By reducing capital reserves

• By lowering interest rates

What might happen to deposit money if the debt ceiling is resolved?

• It will remain unchanged

• It will decrease significantly

• It could move to T-bills

• It will increase in banks

What is the bank's approach to commercial real estate lending?

• Being cautious and selective

• Focusing solely on residential properties

• Aggressively expanding

• Completely withdrawing

What recent acquisitions has the bank made in New York?

• A major investment firm

• Investors Bank in New Jersey

• HSBC's West Coast branches

• A local credit union

What community initiative is the bank involved in New York?

• Building new branches

• Sponsoring local sports teams

• Offering free financial advice

• Grant for workforce development

What is the bank's market share in the Greater New York area after recent acquisitions?

• #10

• #8

• #5

• #1