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Following a period of beta testing by RBS Group employees, Bó was launched to the public on 27 November 2019. [3] The development of Bó was estimated as costing £100 million. [4] The chief executive officer of Bó, Mark Bailie, announced that he would be leaving the bank in 2020. [5]
Bo will be merged with app-only SME bank Mettle, RBS said, just six months after it was launched.
Royal Bank of Scotland (RBS) officially launches the stand-alone digital banking platform, Bo.
The £5 banknote was the first polymer note to be issued by the Royal Bank of Scotland. From May 2020 RBS began to replace the “Ilay” series with the new “Fabric of Nature” series of polymer banknotes. The first polymer notes, the £5, came into circulation on 27 October 2016. [40]
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The group was part of a consortium with Belgian bank Fortis and Spanish bank Banco Santander that acquired Dutch bank ABN AMRO in October 2007. [21] Rivals speculated that RBS had overpaid for the Dutch bank [ 22 ] although the bank pointed out that of the £49bn paid for ABN AMRO, RBS's share was only £10bn (equivalent to £167 per citizen of ...
The bank began trading on the New York Stock Exchange under the ticker symbol CFG on September 24, 2014, raising $3 billion. [42] By April 2015, RBS Group's shareholding in the bank had dropped to 45.6%. [43] A further sale in July 2015 reduced RBS' stake to 23.4%. [44] RBS sold its remaining stake in the bank in October 2015. [45]