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NatWest Holdings Limited [1] is an intermediate holding company for the NatWest Group's retail banking interests in the United Kingdom.. The company was established in 2016, as part of a structural reform intended to comply with the requirements of the Financial Services (Banking Reform) Act 2013.
Under the United States Bank Holding Company Act, financial and bank holding companies are regulated by the US Federal Reserve. [1] Companies whose elections to be treated as financial holding companies are effective include:
NatWest Group — is a holding company containing NatWest Holdings Limited (NatWest, Royal Bank of Scotland, Ulster Bank, NatWest Markets, Coutts, and Lombard North Central), RBS International, Drummonds Bank, and Isle of Man Bank. Established in 1969, its headquarters is in Edinburgh, Scotland.
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 ...
Following ringfencing of the group's core domestic business, the bank became a direct subsidiary of NatWest Holdings; NatWest Markets comprises the non-ringfenced investment banking arm. As of November 2024, the British government owns 10.9% of NatWest Group after spending £45 billion ($61.87 billion) bailing out the lender in 2008; the ...
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A conglomerate is a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are typically large and multinational corporations that manage diverse business operations across various sectors.
A Delaware-registered holding company, NatWest Holdings, Inc., was formed to facilitate the purchase and, by 1986, net income had more than tripled to US$54.5 million. [4] Among other significant early developments was the acquisition of 16 branches from Bankers Trust Company in 1979, at a cost of US$11 million. [5]