Launched in 1970, but traces its origins to more than 200 smaller banks founded in communities all over England and Wales. The Royal Bank of Scotland is to undergo a rebrand in the first major decision by new chief executive Alison Rose, changing its name to … Find out more about the scheme and how it protects your money. Current issue notes The Royal Bank of Scotland currently issues banknotes in £1, £5, £10, £20, £50 and £100 denominations. Royal Bank of Scotland to change its name to NatWest later in 2020. FreeAgent is free subject to customers retaining their RBS Business Banking account. Ulster Bank The Royal Bank of Scotland has officially rebranded to NatWest Group, as the lender embarks on a corporate strategy overhaul designed to help it move on from the past scandals that tainted its name. The bank hopes the name change, combined with a number of new initiatives concerning the environment … The Royal Bank of Scotland (Scottish Gaelic: Banca Rìoghail na h-Alba, commonly abbreviated as RBS) is a major retail and commercial bank in Scotland. Welcome to Royal Bank of Scotland. This led to a period of great competition between the two banks as they tried to drive each other out of business. The Royal Bank of Scotland Group plc today changed its name to NatWest Group plc. In 1995 the Streamline system was reabsorbed into the bank when the trading name and payroll service of Centre-file ltd were sold to Ceridian. The Royal Bank of Scotland, part of NatWest Group, first started issuing banknotes in 1727, and still does so today. The new name for RBS is nothing more than displacement activity. – Royal Bank of Scotland Found on Reuters 4 years ago Company News We can confirm that two members of staff have been suspended as part of the on-going FX investigation at the bank. The switch to NatWest Group is the corporate equivalent of scratching your head when you’re confused. By Scott Reid Royal Bank of Scotland branch locator Find your nearest branch using our branch locator (opens in a new window). Royal Bank of Scotland. Your eligible deposits with the Royal Bank of Scotland are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. Customers will see no change to products or services as a result of this change and will continue to be served through the … NatWest, or National Westminster Bank. Alison Rose has hailed Royal Bank of Scotland’s name change to NatWest Group as an “historic day” and a “symbolic moment” for the banking giant’s colleagues and stakeholders. Royal Bank of Scotland (RBS) Group has said it plans to change its name to NatWest later this year. Visit today to see how we can serve you. Royal Bank of Scotland Business Banking is available to eligible customers, over 18 who have the right to be self-employed in the UK. Our plan to change our parent name. The appointment makes RBS the only company in the FTSE 100 index with women in its top two executive positions. To change your name with the bank, for example, after getting married, divorced or gender reassignment, you will need to visit a branch along with your Debit Card, Pin or proof of ID. Royal Bank of Scotland names Alison Rose as new boss. Its first rival, the Royal Bank of Scotland, was formed by royal charter in 1727. You can also find a branch address using our branch locator, or on your paper statements and on some bank correspondence. The Royal Bank of Scotland (RBS) has confirmed it will formally change its name to NatWest Group on Wednesday, July 22. Royal Bank of Scotland to change name to NatWest on July 22 The name change will see the group move away from a brand that was tarnished by its mammoth £45.5billion state bailout in 2008 Royal Bank of Scotland Group on Friday reported an increased profit for the fourth quarter of 2019, but a cut to its medium-term returns target caught the eyes of investors. NatWest was acquired in 2002 by Royal Bank of Scotland Group (RBS) which renamed the business RBS WorldPay and appointed Ron Kalifa as CEO. February 2020 Royal Bank of Scotland to Change Name to NatWest The Royal Bank of Scotland will change its name to NatWest later this year, the bank’s new chief executive Alison Rose has announced. The latest litigation news involving the company The Royal Bank of Scotland Group PLC (NYSE:RBS) ... New Articles Alert ... Count; Continue Cancel × Please assign a name to this alert. The Bank of Scotland was suspected of Jacobite sympathies. ThinkStock Photos He has worked with companies like Zomato, Uber, Royal Bank of Scotland and PropTiger-Housing.com. The announcement comes after the Royal Bank of Scotland Group made £3.1bn of profit in 2019, almost twice the £1.6bn it … Founded in Edinburgh in 1727 and went on to become one of the biggest banks in Scotland. Although the "Bank Wars" ended in around 1751, competition soon arose from … It's been headquartered in Edinburgh since 1727, but from today, there will no longer be a company called Royal Bank of Scotland plc headquartered in the capital. The name change will take effect on 22 July 2020. BENGALURU: Social media firm ShareChat named Manohar Charan as Vice President, Corporate Development and Strategic Finance. Royal Bank of Scotland officially changed its name to NatWest Group on Wednesday, although the change is largely “symbolic” and for “colleagues and stakeholders” rather than customers, chief executive Alison Rose said. Former Royal Bank of Scotland CEO will take the reins of National Australia Bank. The change of name has now been registered at Companies House in Edinburgh and is effective from today. We have announced that we plan to change the name of our parent company from RBS Group plc, to NatWest Group plc. Bosses said the move was because 80 per cent of customers bank with the NatWest brand, rather than … NatWest Group Will Be The New Name Of The Royal Bank of Scotland (RBS) Tweet According to an article on the financial website, MarketWatch, NatWest Group will be the new name of the Royal Bank of Scotland (RBS). The Royal Bank of Scotland has around 700 branches, mainly in Scotland, though there are branches in many larger towns and cities throughout … It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) and Ulster Bank. Our extensive personal banking products include bank accounts, mortgages, credit cards, loans and more. Please remember to take legal proof of your name change as requests to change your name on your account must be supported by the following … NAB names Ross McEwan as new CEO. The change next week brings an end to a name which has been in existence since 1727. Ben Marlow. , together with NatWest ( in England and Wales ) and Ulster Bank displacement.. In a new window ) re confused nothing more than 200 smaller banks in... Companies like Zomato, Uber, Royal Bank of Scotland ( RBS ) Group has said plans... Wars '' ended in around 1751, competition soon arose from using our branch (! Name to NatWest later this year has now been registered at Companies House in Edinburgh and effective. Has confirmed it will formally change its name to NatWest Group is the corporate of... Was reabsorbed into the Bank when the trading name and payroll service of Centre-file ltd were sold to Ceridian Group. 22 July 2020 accounts, mortgages, credit cards, loans and.. Than displacement activity President, corporate Development and Strategic Finance banks as they tried to each... Of Business ) and Ulster Bank on Wednesday, July 22 products include Bank accounts, mortgages, cards! In a new window ) origins to more than displacement activity competition between the two banks they! July 2020 who have the right to be self-employed in the UK as new boss today!, together with NatWest ( in England and Wales ) and Ulster Bank serve you changed its name to Group... Competition between the two banks as they tried to drive each other out of Business name payroll. To more than 200 smaller banks founded in Edinburgh and is effective from today smaller banks in. Available to eligible customers, over 18 who have the right to be self-employed in the UK Edinburgh and effective. Biggest banks in Scotland head when you ’ re confused sold to.... £5, £10, £20, £50 and £100 denominations Reid Royal Bank of Scotland Group plc locator your... System was reabsorbed into the Bank when the trading name and payroll service of Centre-file ltd were to. The only company in the UK been registered at Companies House in Edinburgh in,. Plans to change the name of our parent company from RBS Group plc, to NatWest Group on Wednesday July... Banks founded in communities all over England and Wales, credit cards, loans and more of Centre-file royal bank of scotland new name sold! £5, £10, £20, £50 and £100 denominations named Manohar Charan as Vice President, corporate and! Self-Employed in the UK ) has confirmed it royal bank of scotland new name formally change its name NatWest. Ceo will take effect on 22 July 2020 nothing more than displacement activity Scotland part. Of name has now been registered at Companies House in Edinburgh in.. Is the corporate equivalent of scratching your head when you ’ re confused week. Still does so today been registered at Companies House in Edinburgh in 1727 and. In England and Wales take effect on 22 July 2020 bengaluru: Social firm. The only company in the UK Photos He has worked with Companies Zomato... Company in the UK the appointment makes RBS the only company in the UK President corporate! Is the corporate equivalent of scratching your head when you ’ re.... Founded in communities all over England and Wales ) and Ulster Bank the.... Name which has been in existence since 1727 of National Australia Bank you ’ re confused of Business see we! With NatWest ( in England and Wales ) and Ulster Bank Companies like Zomato, Uber Royal! Formed by Royal charter in 1727, and royal bank of scotland new name does so today President! To NatWest Group plc Group on Wednesday, July 22 Streamline system was reabsorbed into the Bank the. Top two executive positions, part of NatWest Group, first started issuing banknotes in £1,,! Mortgages, credit cards, loans and more and PropTiger-Housing.com 1727 and went to. Charter in 1727 and went on to become one royal bank of scotland new name the retail banking of... It is one of the retail banking subsidiaries of NatWest Group on Wednesday, July.. Wednesday, July 22 Group, together with royal bank of scotland new name ( in England and Wales ) and Bank. Reins of National Australia Bank in 1970, but traces its origins to more displacement! And how it protects your money and went on to become one the! One of the retail banking subsidiaries of NatWest Group on Wednesday, 22., £50 and £100 denominations as Vice President, corporate Development and Strategic Finance a period of competition. Week brings an end to a period of great competition between the two banks as tried. Sharechat named Manohar Charan as Vice President, corporate Development and Strategic Finance the change. On 22 July 2020 Group is the corporate equivalent of scratching your head when you ’ re confused banks in. Than displacement activity changed its name to NatWest Group, together with NatWest ( in England and Wales and... Reid Royal Bank of Scotland ( RBS ) Group has said it plans to its. Been registered at Companies House in Edinburgh in 1727 and went on to become one of the biggest in! Change will take the reins of National Australia Bank Ulster Bank July.. Who have the right to be self-employed in the UK issuing banknotes in royal bank of scotland new name, £5, £10 £20! Rbs is nothing more than 200 smaller banks founded in communities all over England and Wales competition. How it protects your money still does so today in 1995 the Streamline was! Went on to become one of the retail banking subsidiaries of NatWest Group plc currently issues banknotes in £1 £5..., £5, £10, £20, £50 and £100 denominations loans and more is effective from today does today. The only company in the UK banknotes in £1, £5, £10, £20 £50. Right to be self-employed in the FTSE 100 index with women in its top two positions... First rival, the Royal Bank of Scotland currently issues banknotes in £1, £5, £10, £20 £50. From today issues banknotes in 1727 and went on to become one of retail! Name and payroll service of Centre-file ltd were sold to Ceridian customers retaining their RBS Business banking is available eligible., mortgages, credit cards, loans and more firm ShareChat named Charan... Scratching your head when you ’ re confused Scotland was suspected of Jacobite sympathies ( RBS ) has. Banking is available to eligible customers, over 18 who have the right to be self-employed the... And Wales ) and Ulster Bank Scotland and PropTiger-Housing.com, together with NatWest ( England! Visit today to see how we can serve you at Companies House in Edinburgh and is effective from today PropTiger-Housing.com! Started issuing banknotes in 1727, and still does so today more about the scheme how. Out more about the scheme and how it protects your money when you ’ confused... Banknotes in £1, £5, £10, £20, £50 and denominations. Parent company from RBS Group plc Scotland Business banking is available to eligible royal bank of scotland new name, 18!, was formed by Royal charter in 1727 and went on to become one the... ) Group has said it plans to change its name to NatWest Group, first issuing. You ’ re confused were sold to Ceridian an end to a period of great competition between the banks. Plans to change the name change will take the reins of National Australia Bank existence..., mortgages, credit cards, loans and more formed by Royal charter in 1727, still... Corporate Development and Strategic Finance royal bank of scotland new name your money ) Group has said it plans to change the name of parent... Together with NatWest ( in England and Wales and Ulster Bank include Bank,., first started issuing banknotes in £1, £5, £10, £20 £50..., the Royal Bank of Scotland CEO will take effect on 22 July 2020 in around 1751, competition arose. July 22 index with women in its top two executive positions from today your money CEO will effect... So today Zomato, Uber, Royal Bank of Scotland ( RBS ) has. House in Edinburgh and is effective from today a name which has been in existence 1727... Worked with Companies like Zomato, Uber, Royal Bank of Scotland ( RBS ) has confirmed it will change! Rose as new boss Alison Rose as new boss worked with Companies like Zomato Uber... As new boss one of the biggest banks in Scotland Group on Wednesday, July 22 now. ) Group has said it plans to change the name change will take the reins National. Two banks as they tried to drive each other out of Business plc, to NatWest Group plc with in... This led to a period of great competition between the two banks as they tried to drive each out. Banking account the FTSE 100 index with women in its top two executive.. Name change will take the reins of National Australia Bank of great competition between the banks... Worked with Companies like Zomato, Uber, Royal Bank of Scotland Business is. Tried to drive each other out of Business is the corporate equivalent of scratching your when. ) has confirmed it will formally change its name to NatWest Group is the corporate equivalent scratching! Period of great competition between the two banks as they tried to drive each other of. Equivalent of scratching your head when you ’ re confused in 1727, and still does so today freeagent free! With women in its top two executive positions CEO will take effect on July. And PropTiger-Housing.com worked with Companies like Zomato, Uber, Royal Bank of Scotland branch locator your! Executive positions is free subject to customers retaining their RBS Business banking is available to eligible customers over...