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The 2012 RBS computer system problems were technical issues affecting computers run by the Royal Bank of Scotland Group (now NatWest Group), including National Westminster Bank, The Royal Bank of Scotland and Ulster Bank, which began on 19 June 2012. In 2014, RBS was fined £42m over the incident. [1]
Farage in 2018. In June 2023, the private bank Coutts closed the account held by the British politician and broadcaster Nigel Farage, triggering controversy. NatWest, the owner of Coutts, initially claimed that he failed to meet the Coutts eligibility criteria of holding £1,000,000 or more in his account, following the expiry of his mortgage.
NatWest Markets Securities is a key subsidiary, operating in the United States. 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 ...
NatWest Markets plc is the investment banking arm of NatWest Group based in the United Kingdom.. The company was created from the then RBS Group's corporate and institutional banking division in 2016, as part of a structural reform intended to comply with the requirements of the Financial Services (Banking Reform) Act 2013 and to give the NatWest brand greater prominence.
Adam and Company continued as an RBS private banking brand in Scotland, along the same lines as the Messrs. Drummond and Child & Co. businesses in England. [5] As part of the restructuring and brand management, it was decided that NatWest would become RBS Group's primary customer-facing brand in England and Wales.
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.
The Sunday Times wrote that "The NatWest deal was the making of Goodwin," with Goodwin promoted to CEO in January 2001, [15] soon after it was secured, dedicated to continuing Mathewson's vision. [16] Goodwin lived up to his reputation, cutting 18,000 jobs by merging parts of RBS and NatWest. [5]
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.