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Historically, the Royal Bank of Scotland stock price went from a high of over 6,900 pence in early 2007 (taking into account a 3 for 1 reverse stock split that took place later that year) to around 120 pence February 2009 and up to 187 pence by December 2011. [64] In 2012 RBS shares were consolidated on a 1 for 10 basis.
In March 2018, it was revealed that the then Royal Bank of Scotland Group were planning to establish a digital banking brand to rival services offered by newly established and tech-focused challenger banks. [1] The name of the new banking brand, Bó, was announced in September 2018. [2]
The Royal Bank of Scotland International, trading as NatWest International, RBS International, Coutts Crown Dependencies and Isle of Man Bank, is the offshore banking arm of NatWest Group. It provides a range of services to personal, business, commercial, corporate and financial intermediary customers from its base in the Channel Islands.
RBS Group was renamed NatWest Group in 2020. On 21 May 2019, the High Court of Justice of the Isle of Man granted approval to transfer the business and undertakings of Isle of Man Bank Limited to the Isle of Man branch of The Royal Bank of Scotland International Limited (trading as Isle of Man Bank); these changes came into effect on 28 May ...
NatWest Offshore Limited was an Isle of Man-incorporated bank formed in 1997, with branches in Jersey, Guernsey and Gibraltar.The business was transferred to RBS International through private members' legislation passed in each of the four jurisdictions in 2001, with RBS retaining NatWest as a trading name as well as continuing its existing business.
In 1992, RBS Holt's branch in Whitehall was absorbed by the London Drummonds branch; it continues to operate as Holt's Military Banking, based in Farnborough, offering personal banking tailored to the needs of navy, army and air force officers. At the same time, the Royal Bank of Scotland revived Drummonds as a specialist in private banking. [3]
It also provides financial services expertise to Royal Navy Ships and Bases, British Army Regiments and Corps and to Royal Air Force Stations, as well as a number of military associations and charities. [12] In 2015, Holt’s Military Banking, National Westminster Bank and The Royal Bank of Scotland signed the Armed Forces Covenant. [13]
It was founded in Croydon by Martin Long and Peter Wood in 1985 as the insurance division of Royal Bank of Scotland. [1] In 1988, it started to sell home insurance. Direct Line is renowned for having transformed financial services in the United Kingdom. [2]