Citizens Financial Group (CFG) Risk Factor Changes

FRB policy historically required BHCs to act as a source of financial and managerial strength to their subsidiary banks.

Uncertainty exists with respect to the enactment of new laws and regulations, or changes in the interpretation or enforcement of existing laws and regulations, including potential deregulation in some areas.

We are regulated by multiple banking, consumer protection, securities, and other regulatory authorities at the federal and state levels.

Our risk management framework is made up of various processes and strategies to manage our risk exposure and may not be effective under all conditions and circumstances.

Limitations on the manner in which regulated financial institutions, such as us, can compensate their officers and employees may make it more difficult for such institutions to compete for talent with financial instit…

Interest rates and the yield curve are highly sensitive to many factors that are beyond our control, including general economic conditions and the policies of various governmental and regulatory agencies, most notably…

Changes in the spread between short-term and long-term interest rates (i.e., the yield curve) can also have a material impact on our net interest income and net interest margin.

An increase in interest rates could weaken demand for loans by customers, reducing our net interest income due to lower loan balances and origination-related fee income due to lower production volume.

Our ability to meet our obligations and support our operations could be materially affected by a variety of conditions, including market-wide illiquidity or disruption, a general loss of market or customer confidence…

We rely on customer deposits to be our primary stable and low-cost source of funding.

Volatility and uncertainty related to inflation and its associated effects may enhance or contribute to certain risks that we face by negatively impacting our funding costs and expenses, including increasing funding c…

Our future success and the value of our stock depends, in part, on our ability to effectively implement our business strategy and achieve our financial performance goals across our Consumer and Commercial businesses,…

Our business is affected by national economic conditions, as well as perceptions of those conditions and future economic prospects.

U.S.

Our business is affected by national economic and political conditions, as well as perceptions of those conditions and future economic prospects, with changes in such conditions neither predictable or controllable.