The Royal Bank of Scotland (RBS) is one of the retail banking subsidiaries of Royal Bank of Scotland Group plc, which together with NatWest, provides branch banking facilities in the UK. 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. RBS Group's total assets: £1,028 billion (as of December 31, 2013). Net loss: £2.0 billion (2011), £5.97 billion (2012).
The Royal Bank of Scotland, along with Clydesdale Bank and Bank of Scotland, still prints its own banknotes. The UK Government owns a controlling stake of 82% of the RBS's ordinary shares, however the bank itself remains nominally independent of Government.
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04.11.2011 The Royal Bank of Scotland Group reports a third quarter operating profit of £267 million and a year-to-date operating profit of £2.138 billion, up 15%. Core Tier 1 ratio as of September 30, 2011 at 11.3%.
06.08.2010 The Royal Bank of Scotland Group reports a 2010 second quarter operating profit of GBP 869
million, up from GBP 713 million in the first quarter of 2010. More
07.05.2010 The Royal Bank of Scotland Group reports a first quarter operating profit of £713 million, compared with a loss of £1,353 million in the fourth quarter of 2009. More
No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters