Citizens Financial Group Inc at Goldman Sachs Financial Services Conference (Virtual) Transcript

Dec 05, 2023 / 03:00PM GMT
Ryan Matthew Nash - Goldman Sachs Group, Inc., Research Division - MD

Joining us once again, we're excited to have Citizens. Citizens has done an outstanding job navigating a very challenging backdrop for regional banks, including seeing the largest relative improvement in deposit cost versus last cycle. It's one of the first banks -- it was the first bank to devise the balance sheet optimization strategy. And it's been highly opportunistic in acquiring talent during the recent downturn, particularly in the private banking space, which I'm sure Bruce will touch upon.

Here to tell us more about the road ahead as Chairman and CEO, Bruce Van Saun. Bruce is going to walk us through some slides, and then we will have a fireside chat. So with that, I'm going to hand it over to Bruce.

Bruce Winfield Van Saun - Citizens Financial Group, Inc. - CEO & Chairman of the Board

Okay. Thanks, Ryan, and good to see everybody. There's our cautionary language, which you can read at your convenience.

So let me start off with just an overview. So we talk about

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