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In 1931, Glyn, Mills & Co. was acquired by The Royal Bank of Scotland and Holt's and Child's continued as branches of Glyn, Mills & Co. [7] The Royal Bank of Scotland had acquired the struggling Williams Deacon's Bank (and the prestigious Western Branch of the Bank of England) in 1930 and the combined company came to be known as the Three Banks ...
The bank was the Royal Bank's first acquisition south of the Scottish border and continued to be managed by a board of local directors until the 1960s. 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 ...
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The Royal Bank's English expansion plans were resurrected after World War I when it acquired various small English banks, including London-based Drummonds Bank (in 1924), which continued as a branch of the Royal Bank of Scotland; Williams Deacon's Bank, based in northwestern England (in 1930) and Glyn, Mills & Co. (in 1939), which together came ...
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The name of the new banking brand, Bó, was announced in September 2018. [2] 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.
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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]