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RELATED PARTY TRANSACTIONS AND SIGNIFICANT TRANSACTIONS WITH RBS - Schedule of Related Party Debt Terms (Details) - USD ($)
$ in Millions
Mar. 07, 2016
Mar. 31, 2016
Dec. 31, 2015
Related Party Transaction [Line Items]      
Long-term borrowed funds   $ 10,035 $ 9,886
Citizens Financial Group, Inc.      
Related Party Transaction [Line Items]      
Long-term borrowed funds   $ 2,487  
Subordinated Debt | 5.158% fixed-to-floating rate subordinated debt, (LIBOR 3.56%) callable, due 2023 | Citizens Financial Group, Inc.      
Related Party Transaction [Line Items]      
Interest rate [1]   5.158%  
Long-term borrowed funds [1]   $ 333 $ 333
Subordinated Debt | 3.750% fixed rate subordinated debt due 2024 | Citizens Financial Group, Inc.      
Related Party Transaction [Line Items]      
Interest rate [1]   3.75% [2] 4.153%
Long-term borrowed funds [1],[2]   $ 250 $ 250
Subordinated Debt | 4.023% fixed rate subordinated debt, due 2024 | Citizens Financial Group, Inc.      
Related Party Transaction [Line Items]      
Interest rate [1],[3]   4.023%  
Long-term borrowed funds [1],[3]   $ 214 331
Extinguishment of debt, amount $ 125    
Subordinated Debt | 4.082% fixed rate subordinated debt, due 2025 | Citizens Financial Group, Inc.      
Related Party Transaction [Line Items]      
Interest rate [1],[4]   4.082%  
Long-term borrowed funds [1],[4]   $ 346 331
RBSG      
Related Party Transaction [Line Items]      
Long-term borrowed funds   $ 1,125 $ 1,250
RBSG | Subordinated Debt | 5.158% fixed-to-floating rate subordinated debt, (LIBOR 3.56%) callable, due 2023      
Related Party Transaction [Line Items]      
Interest rate   5.158% 5.158%
Long-term borrowed funds   $ 333 $ 333
RBSG | Subordinated Debt | 3.750% fixed rate subordinated debt due 2024      
Related Party Transaction [Line Items]      
Interest rate   3.75% [5] 4.153%
Long-term borrowed funds   $ 250 $ 250
RBSG | Subordinated Debt | 4.023% fixed rate subordinated debt, due 2024      
Related Party Transaction [Line Items]      
Interest rate   4.023% [6] 4.023%
Long-term borrowed funds   $ 208 $ 333
RBSG | Subordinated Debt | 4.082% fixed rate subordinated debt, due 2025      
Related Party Transaction [Line Items]      
Interest rate   4.082% 4.082%
Long-term borrowed funds   $ 334 $ 334
[1] Borrowed funds with RBS. See Note 13 “Related Party Transactions and Significant Transactions with RBS” for further information.
[2] Prior to January 1, 2016, interest was payable at a fixed rate per annum of 4.153%.
[3] These balances are comprised of: principal balance of $208 million and $333 million at March 31, 2016 and December 31, 2015, respectively, as well as the impact from interest rate swaps of $6 million and ($2) million at March 31, 2016 and December 31, 2015, respectively. See Note 11 “Derivatives” for further information. In addition, on March 7, 2016, the Company repurchased $125 million of these securities from RBS. See Note 13 “Related Party Transactions and Significant Transactions with RBS” for further information.
[4] These balances are comprised of: principal balance of $334 million at March 31, 2016 and December 31, 2015; impact from interest rate swaps of $12 million and ($3) million at March 31, 2016 and December 31, 2015, respectively. See Note 11 “Derivatives” for further information.
[5] Prior to January 1, 2016, interest was payable at a fixed rate per annum of 4.153%.
[6] On March 7, 2016, the Company repurchased $125 million of these securities from RBS.