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The Royal Bank of Scotland Public Limited Company [2] (Scottish Gaelic: Banca Rìoghail na h-Alba) [3] is a major retail and commercial bank in Scotland.It is one of the retail banking subsidiaries of NatWest Group, together with NatWest and Ulster Bank.
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.
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.
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.
The Royal Bank of Scotland's office at 1 Fleet Street, London – trading under the historic name Child & Co.. After the purchase of NatWest, RBS made a string of further acquisitions around the world, including the purchase of Irish mortgage provider First Active and UK insurers Churchill Insurance and Direct Line.
RBS Group became NatWest Group in 2020. In 2003, Coutts Bank (Switzerland) acquired Zürich-based Bank von Ernst & Cie. [14] Coutts Bank von Ernst became RBS Coutts Bank in 2008 to align with the parent Group and was renamed Coutts & Co. Limited in 2011. The international division was sold to Union Bancaire Privée (UBP) of Switzerland
The defining moment of Mathewson's career came with the £21 billion takeover of the much larger UK bank National Westminster Bank in February 2000. Soon after the NatWest acquisition, Mathewson stepped down as RBS's CEO, handing the reins to his deputy Fred Goodwin, who assumed responsibility for integrating NatWest. Mathewson became deputy ...
The chief executive officer of Bó, Mark Bailie, announced that he would be leaving the bank in 2020. [5] On 1 May 2020, it was announced that Bó would close, [6] and its 11,413 customers were given 60 days to withdraw their money. Staff working for Bó would be transferred to NatWest's Mettle business banking division. [7] [8]
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