Royal Bank of Scotland Group plc

Royal Bank of Scotland Group plc Company Profile

THE SCOOP

Royal in name and lineage

The Royal Bank of Scotland (RBS) serves more than 40 million individuals and institutions through 30 different brands. Its main divisions include: U.K. Corporate Banking, U.S. Retail and Commercial banking (which offers services through the Citizens and Charter One brands), U.K. Personal Banking (through the NatWest and RBS brands), and Markets and International Banking, which is the wholesale banking business of RBS Group. This business provided RBS's global client base with debt financing, risk management, and transaction services The Markets business provides RBS's global client base with fixed income offerings across asset-backed products, rates, currencies, credit, and debt capital markets. The International Banking unit works with clients to execute debt financing, risk management, and transaction banking services. Markets and international banking operates from four key trading hubs: Stamford, Conn.; London; Singapore; and Tokyo. Truly a royal bank, RBS was chartered by King George in 1727. For the first 50 years of its existence, RBS operated from a single location in Edinburgh, but in 1783, it opened a branch in Glasgow. By the 1870s, it had set up shop in London, and from there it grew rapidly, acquiring a number of English banks and opening a New York office in 1960. More mergers followed, and it celebrated Britain's biggest bank takeover with the 2000 acquisition of National Westminster Bank (NatWest). In 2007, RBS led a consortium to acquire ABN AMRO, marking the world's biggest bank takeover. In its 2008 fiscal year, RBS set a record (but not a pretty one): the bank's annual loss of over £24 billion represented the biggest annual loss of any corporation in British history. One week after dropping that bombshell, RBS became the first bank to join the British government's asset protection program for troubled institutions, eventually accepting funds from a £50 billion bailout plan, a move that left the British government with a 70 percent stake in the bank. Today, RBS is still majority-owned by the British government. Led by its chief executive Stephen Hester, RBS employs approximately 123,000 people worldwide.



Royal Bank of Scotland Group plc


36 St. Andrews Square
Edinburgh EH2 2YB
Phone: +44-0-131-556-8555
Fax: +44-0-131-557-6140
www.rbs.com

STATS


  • Employer Type: Public
  • Stock Symbol: RBS
  • Stock Exchange: LSE, NYSE
  • CEO: Stephen Hester
  • 2013 Employees: 123,000

Major Office Locations

  • Calgary, Canada
  • Toronto, Canada
  • Los Angeles, CA
  • San Francisco, CA
  • Stamford, CT
  • Washington, DC
  • Atlanta, GA
  • Boston, MA
  • New York, NY
  • Houston, TX
  • Madrid, Spain
  • Zurich, Switzerland
  • London, United Kingdom
  • Edinburgh, United Kingdom
  • Paris, France
  • Frankfurt, Germany
  • Dublin, Ireland
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