the Financial Conduct Authority
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. RBS is entered on the Financial Services Register and its Register number is 114724.
Is RBS owned by the taxpayer?
NatWest, previously called Royal Bank of Scotland (RBS), was bailed out by the government in a £45.5bn rescue deal during the financial crisis more than a decade ago and remains 54.7% owned by the taxpayer. Shares in the bank are held through UK Government Investments (UKGI).
What bank is partnered with RBS?
NatWest Group
The Royal Bank of Scotland (RBS; Scottish Gaelic: Banca Rìoghail na h-Alba) 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.
When did RBS become NatWest?
2000
In the years after NatWest joined RBS in 2000, the Group grew rapidly. In 2007 it was part of a consortium which acquired the Dutch bank ABN AMRO. Soon afterwards, a crisis in global financial markets and deteriorating economic conditions across the world weakened many financial services organisations.
Who is Bank of Scotland owned by?
Lloyds Banking Group
Bank of Scotland has been a subsidiary of Lloyds Banking Group since 19 January 2009, when HBOS was acquired by Lloyds TSB….Bank of Scotland.
| Headquarters building on The Mound | |
|---|---|
| Total assets | £359 billion (2016) |
| Number of employees | 20,000 |
| Parent | Lloyds Banking Group |
Is NatWest still part of RBS?
On 14 February 2020, it was announced that RBS Group was to be renamed NatWest Group, taking the brand under which the majority of its business is delivered. On 16 July 2020 the company announced that the rebrand would take place on 22 July 2020.