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The Bank of Scotland plc (Scottish Gaelic: Banca na h-Alba) is a commercial and clearing bank based in Edinburgh, Scotland, and is part of the Lloyds Banking Group.The bank was established by the Parliament of Scotland in 1695 to develop Scotland's trade with other countries, and aimed to create a stable banking system in the United Kingdom . [2]
Airdrie Savings Bank; British Linen Bank; City of Glasgow Bank; Commercial Bank of Scotland; Douglas, Heron & Company; Glasgow and Ship Bank; Leith Banking Company; National Bank of Scotland; National Commercial Bank of Scotland
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]
In 2006, HBOS secured the passing of the HBOS Group Reorganisation Act 2006 (c. i), a local act of Parliament that rationalised the bank's corporate structure. [6] The act allowed HBOS to make the Governor and Company of the Bank of Scotland a public limited company, Bank of Scotland plc, which became the principal banking subsidiary of HBOS.
Staff at a British bank are quitting their ‘grey corporate hellscape’ after CEO demands they come to the office—even without space to seat them Prarthana Prakash November 20, 2024 at 7:13 AM
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]
Royal Bank of Scotland (RBS) officially launches the stand-alone digital banking platform, Bo.
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