RBS Group
 |
|
| Public limited company | |
| Traded as | : : RBS FTSE 100 Component |
| Industry | Banking Financial services |
| Founded | 1727 |
| Headquarters |
Edinburgh, Scotland, United Kingdom |
|
Area served
|
Worldwide |
|
Key people
|
Sir Howard Davies (Chairman) Ross McEwan (Group Chief Executive) |
| Products |
Finance and insurance Consumer Banking Corporate Banking Investment Banking Private banking Mortgages Credit Cards |
| Revenue | £12.590 billion (2016) |
| £(4.082) billion (2016) | |
| £(5.248) billion (2016) | |
| Total assets | £798.656 billion (2016) |
| Total equity | £49.404 billion (2016) |
| Owner | UK Financial Investments (73%) |
|
Number of employees
|
77,900 (2017) |
| Subsidiaries |
The Royal Bank of Scotland NatWest Ulster Bank Isle of Man Bank Coutts Adam and Company Child & Co. Drummonds Bank NatWest Markets RBS Securities |
| Website | www |
The Royal Bank of Scotland Group plc (also known as RBS Group) is a British banking and insurance holding company, based in Edinburgh, Scotland. The group operates a wide variety of banking brands offering personal and business banking, private banking, insurance and corporate finance through its offices located in Europe, North America and Asia. In the UK, its main subsidiary companies are The Royal Bank of Scotland,NatWest, Ulster Bank and Coutts. The group issues banknotes in Scotland and Northern Ireland and, as of 2014, The Royal Bank of Scotland is the only bank in the UK to still print £1 notes.
Outside the UK, from 1988 to 2015 it owned Citizens Financial Group, the 13th largest bank in the United States, and from 2004 to 2009 it was the second largest shareholder in the Bank of China, itself the world's fifth largest bank by market capitalisation in February 2008.
Before the 2008 collapse and the general financial crisis, RBS was very briefly the largest bank in the world and for a period was the second largest bank in the UK and Europe (fifth in stock market value), and the fifth largest in the world by market capitalisation. Subsequently, with a slumping share price and major loss of confidence, the bank fell sharply in the rankings, although in 2009 it was briefly the world's largest company by both assets (£1.9 trillion) and liabilities (£1.8 trillion). It received significant support from the UK government, which, as of August 2015, holds and manages a 73% stake through UK Financial Investments (UKFI).
In addition to its primary share listing on the LSE, the company is also listed on the .
By 1969, economic conditions were becoming more difficult for the banking sector. In response, the National Commercial Bank of Scotland merged with the Royal Bank of Scotland. The resulting company had 662 branches. The merger resulted in a new holding company, National and Commercial Banking Group Ltd. The English and Welsh branches were reorganised, until 1985, as Williams & Glyn's Bank, while the Scottish branches all transferred to the Royal Bank name. The holding company was renamed The Royal Bank of Scotland Group in 1979.
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Wikipedia