Royal Bank of Scotland

The Royal Bank of Scotland plc (RBS; Scottish Gaelic: Banca Rìoghail na h-Alba[1]) 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 branches in many larger towns and cities throughout England and Wales. The bank is completely separate from the fellow Edinburgh-based bank, the Bank of Scotland, which pre-dates the Royal Bank by 32 years. The Royal Bank of Scotland was established in 1724 to provide a bank with strong Hanoverian and Whig ties.[2]

The Royal Bank of Scotland plc
Native name
Banca Rìoghail na h-Alba plc
TypeSubsidiary
IndustryFinancial services
Founded1727; 295 years ago (1727)
HeadquartersEdinburgh, Scotland, UK
Key people
Services
Number of employees
71,200
ParentNatWest Holdings
Websitewww.rbs.co.uk
Footnotes / references
1 Wholly owned subsidiary of NatWest Group.
2 NatWest Group total.

Following ring-fencing of the Group's core domestic business, the bank became a direct subsidiary of NatWest Holdings in 2019. NatWest Markets comprises the Group's investment banking arm. To give it legal form, the former RBS entity was renamed NatWest Markets in 2018; at the same time Adam and Company (which held a separate PRA banking licence) was renamed The Royal Bank of Scotland, with Adam and Company continuing as an RBS private banking brand in Scotland, along the same lines as the Messrs. Drummond and Child & Co. businesses in England.[3]


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