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The Royal Bank of Scotland Group plc

The Royal Bank of Scotland Group plc (RBS Group) was first formed through The Royal Bank of Scotland’s acquisition of the National Westminster Bank (NatWest) in February 2000. As of July 2009 and as a result of the ‘credit crisis’ following the collapse of the sub-prime mortgage market on America, 70.33% of the company is owned by HM Treasury through the Treasury’s bank shareholding management company UK Financial Investments Limited. The bank offers business and personal banking, insurance, corporate finance and private banking and although based in Edinburgh, the bank operates worldwide. Subsidiaries of the Group include RBS, National Westminster Bank, Ulster Bank, Drummonds & Coutts Co. and Citizens Financial Group (USA), and it owns insurance companies Privilege, Direct Line Insurance, NIG and Churchill Insurance.

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City remains positive despite shockers from BA and RBS

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RBS chief hits out at Europe over its long list of sell-offs

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Biggest bail-out ever for banks

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Mervyn’s Premier kicking for banks

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RBS set for Euro deal to sell 312 branches

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RBS bars its credit cards to non-bank customers

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NatWest-owner Royal Bank of Scotland (RBS) has slammed its doors closed to credit card customers who do not currently bank with the group ... more

More related topics: The Royal Bank of Scotland Group plc and

  • Facts
  • RBS Group has suffered a number of controversial accusations. In 2008, RBS Group was found to have extensive dealings in the arms trade, including with dealers of cluster bombs and depleted uranium munitions. It has also been accused of supporting the military government of Burma, and has been criticized of financing fossil fuel burning companies.
  • RBS Group is the only bank in the UK that still issues banknotes to the sum of £1, although this only takes place in Northern Ireland and Scotland
  • The Royal Bank of Scotland was founded in 1727, and National Westminster Bank can trace its history back to 1650
  • In 2008, total revenue for the company stood at £49.5billion

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