secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0000759944-23-000108
Event type: regulatory
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citizens Financial announces preliminary Stress Capital Buffer of 4.0%; CET1 minimum rises to 8.5%
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- Federal Reserve preliminary SCB of 4.0%, effective October 1, 2023.
- Implied regulatory minimum CET1 ratio increases to 8.5% from 7.9%.
- Expects Q2 2023 CET1 ratio ~175 bps above implied regulatory minimum.
- Remaining share repurchase authorization capacity of $1.344B as of June 30, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000075994423000108/0000759944-23-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000075994423000108/cfg-20230630.htm
  HTML page:      https://secwatch.observer/filing/0000759944-23-000108

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer