Citizens CEO Says NYCB Outlier, Regional-Bank Pain in Past (1)

The problems that led to the collapse of several US regional lenders last year are largely in the past, with the issues disclosed this week at New York Community Bancorp something of an anomaly, according to Citizens Financial Group Inc. Chief Executive Officer Bruce Van Saun.

“For the most part, everything’s in the rear-view mirror now,” Van Saun said Thursday in an interview with Bloomberg Television. Last year’s surge in interest rates and shift in deposits that contributed to the failure of firms including Silicon Valley Bank and Signature Bank have largely been dealt with, he said. “So things ...