Royal Bank of Scotland Group plc (Europe)
VAULT RANKINGS 2013
Headquarters: Edinburgh,
United Kingdom
2720 offices
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THE BUZZ…
- “Decent firm but struggling”
- “Game over”
- “Working for Her Majesty’s Treasury”
- “Terrible risk management”
NEWS AND UPDATES
Vault's Scoop
Uppers
- “Everyone on the team puts in the hours”
- “Friendly and open”
Downers
- Company is going through tough times
- “It isn’t uncommon to put in 60-hour weeks”
ABOUT THIS COMPANY:
Royal in name and lineage
The Royal Bank of Scotland Group (RBS) was chartered by King George in 1727; at the time, its only rival was the non-royal Bank of Scotland. For the first 50 years of its existence, the Royal Bank operated from a single location in Edinburgh, but in 1783, it opened a branch in Glasgow. By the 1870s, RBS 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 in modern times, as RBS swallowed the National Commercial Bank of Scotland in 1969 and celebrated Britain’s biggest bank takeover with the 2000 acquisition of National Westminster Bank (NatWest). Then in 2007, RBS led a consortium to acquire ABN AMRO, marking the biggest bank takeover in the world.
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