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The Royal Bank of Scotland plc (Scottish Gaelic: Banca Rìoghail na h-Alba) [2] is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) and Ulster Bank. The Royal Bank of Scotland has around 700 branches, mainly in Scotland, though there are ...
The company pioneered the offset mortgage in the UK; it was conceived as a joint venture between Virgin Direct (Virgin's financial services company) and The Royal Bank of Scotland in 1997. Initially, the company was known as the 'Virgin One account' and promoted to Virgin Direct's 200,000 strong UK customer base.
Lombard was one of the town's biggest employers and remained so for a number of years. In February 2000, National Westminster Bank was acquired by The Royal Bank of Scotland (RBS) and two of RBS' subsidiaries, RoyScot Trust and Royal Bank Leasing, were merged into Lombard. RBS Group was renamed NatWest Group in 2020. [1] [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.
LONDON -- Shares in Royal Bank of Scotland had a great 2012. So far in 2013, they are down 5.4%. That's pretty disappointing when you consider the fact that the FTSE 100 is up 8.2% in 2013.
The Royal Bank of Scotland plc (Scottish Gaelic: Banca Rìoghail na h-Alba) [2] is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) and Ulster Bank. The Royal Bank of Scotland has around 700 branches, mainly in Scotland, though there are ...
The company was originally established in 1985 by Peter Wood and Martin Long, as the insurance division of The Royal Bank of Scotland Group (RBS). [6] It was the first telephone only insurance company in the United Kingdom. [6]
Its beginnings date back to 1967 when the Royal Bank installed its first ATM in its offices in the West End of Edinburgh.Initially the service offered only basic deposit services to a small select number of customers, but by 1977 the familiar cash withdrawal service to current account holders was launched under the Cashline name.