RBS Citizens Financial Group (RBS) in Providence, R.I., has signed a referral agreement with brokerage Oppenheimer & Co., in a bid to boost its commercial lending to middle-market businesses.
The deal helps RBS provide its existing customers with additional investment banking services from Oppenheimer, including financial advisory and equity capital markets services. In exchange, the brokerage is referring its own middle-market customers to RBS for commercial banking products and other services, including debt syndications and extensions of credit.
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