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The holding company was renamed The Royal Bank of Scotland Group in 1979 [10] and became a public company in 1982. [11] The late 1990s saw a new wave of consolidation in the financial services sector. In 1999, the Bank of Scotland launched a hostile takeover bid for English rival National Westminster Bank. [12]
National Westminster Bank Public Limited Company, [2] [3] trading as NatWest, [4] is a major retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank.
Coutts & Co. is a wholly owned subsidiary of NatWest. NatWest Holdings includes the Lombard North Central asset finance business and RBS Invoice Finance (Holdings).. As authorised brands of Royal Bank of Scotland, the ring-fenced group also covers Messrs. Drummond and Holt's Military Banking, the only remaining branches of RBS operating in England and Wales.
National Westminster Bank USA, commonly known as NatWest USA, was a wholly owned subsidiary of National Westminster Bank in the United Kingdom from 1983 to 1996. Formed as the National Bank of North America in 1905, the U.S. retail banking operation was sold to Fleet Financial Group in 1996.
By 1958, banks began to acquire links with hire purchase companies, and National Provincial Bank bought out the company. After the merger of National Provincial Bank and Westminster Bank in 1968, North Central Finance became a subsidiary of the new National Westminster Bank. Lombard Banking was taken over by National Westminster Bank in 1970.
The Manchester and Liverpool District Bank was formed in 1829 and it became one of the leading provincial joint stock banks; its name was shortened to District Bank in 1924. The Bank was acquired by the National Provincial Bank in 1962 but kept its identity until the latter’s merger with Westminster Bank .
During the 1980s after Ireland's two biggest banks Allied Irish Banks and Bank of Ireland took interests in stockbroking firms, NCB was sold to Ulster Bank, a subsidiary of National Westminster Bank. [5] [6] After National Westminster was taken over by the Royal Bank of Scotland, NCB was bought out by its management with the assistance of Sean ...
Ulster Bank, Longford. Ulster Bank (Irish: Banc Uladh) is a large retail bank, and one of the traditional Big Four Irish clearing banks. The Ulster Bank Group was subdivided into two separate legal entities: National Westminster Bank Plc, trading as Ulster Bank (registered in England and Wales and operating in Northern Ireland); and, until April 2023, Ulster Bank Ireland DAC (registered in the ...