In the wake of the failure of Silicon Valley Bank, First Republic and Signature Bank, our reporter SteveGelsi and CitizensBank CEO Bruce Van Saun will explain what happened and what is ahead for regional banks amid inflation. Join us tomorrow:
In the wake of the failure of Silicon Valley Bank, First Republic and Signature Bank, MarketWatch senior banking reporter Steve Gelsi sits down with Citizens CEO Bruce Van Saun to explain what happened, the role of his bank in addressing market jitters, and what the road looks like ahead for regional banks amid here-for-longer inflation.Senior Banking Reporter, MarketWatch
Van Saun joined Citizens in October 2013 from the Royal Bank of Scotland. He led a successful initial public offering of Citizens in September 2014 and has led Citizens through a dramatic transformation journey over recent years. Citizens continues to focus on delivering well for its stakeholders, including customers, colleagues, communities and shareowners.
Prior to that, Van Saun held a number of senior positions with Bank of New York and later Bank of New York Mellon over an 11-year period. As Vice Chairman and Chief Financial Officer he was actively involved in the strategic transformation of BNY from a diversified regional bank into a focused global securities servicer and asset manager. This included over 80 transactions, including notable ones such as the merger with Mellon, a swap of businesses with JP Morgan and the acquisition of Pershing.
Earlier in his more than 30-year financial services career, he held senior positions with Deutsche Bank, Wasserstein Perella Group and Kidder Peabody & Co.
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