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February 09, 2016 6:04 AM ET

Banks

Company Overview of The Royal Bank Of Scotland plc

Company Overview

The Royal Bank Of Scotland plc provides various banking and financial products and services to personal, commercial, and corporate and institutional customers in the United Kingdom, the United States, Europe, and internationally. The company offers savings, current, currency, and other third party deposit accounts; cash management services; and loans that include personal, car, debt consolidation, home improvement, holiday loans, business, fixed and variable rate, LIBOR, and currency loans, as well as structured and asset finance, overdrafts, agricultural lending, and enterprise finance guarantees. It also provides mortgages, such as first time buyer, moving home, remortgages, and but to let...

PO Box 1000

Gogarburn

Edinburgh,  EH12 1HQ

United Kingdom

Founded in 1984

81,200 Employees

Phone:

44 13 1626 0000

Key Executives for The Royal Bank Of Scotland plc

Group Chief Executive Officer and Executive Director
Age: 58
Chief Financial Officer and Executive Director
Age: 48
Chairman of Rbs Group In China and Chief Executive Officer of Rbs Group In China
Chairman of Small Business Banking
Age: 59
Managing Director of FX Sales
Compensation as of Fiscal Year 2015.

The Royal Bank Of Scotland plc Key Developments

Royal Bank Of Scotland Confirms It Has Put Williams & Glyn Banking Arm Up For Sale

The Royal Bank Of Scotland plc seeks sale of Williams & Glyn's Bank Limited. Royal Bank of Scotland has confirmed it is putting its Williams & Glyn banking arm up for sale after receiving approaches from a number of potential buyers. The Royal Bank Of Scotland said it will launch a sale in the first half of next year, which will run alongside preparations for a stock market listing should it fail to sell the business. Williams & Glyn, which has to be sold by the end of 2017 under EU rules, is thought to be worth in the region of £1.5 billion. Reports suggest that the potential buyers could be rival banks from the UK and Europe. Ross McEwan, Chief Executive of The Royal Bank Of Scotland, said, “Separating out the Williams & Glyn business is a complex process, but we remain focused on meeting our state aid obligation, achieving full divestment by the end of 2017, and reaching the best outcome for shareholders, customers, and staff.”

RBS Reportedly Mulls Selling Williams & Glyn Consumer Bank Unit

The Royal Bank Of Scotland plc has received interest for its Williams & Glyn's Bank Limited consumer bank unit and is considering selling it instead of listing it in an initial public offering, Bloomberg reported, citing two unnamed people with knowledge of the matter.

RBS Hires Bank Of America For Williams And Glyn Float

The Royal Bank of Scotland plc (RBS )has hired investment bankers from Bank of America Merrill Lynch to prepare the long-awaited stock market flotation of its spin-off bank Williams & Glyn's Bank Limited, The Telegraph can reveal. The initial public offering is expected to take place in 2016 and it is thought that RBS hopes to sell Williams and Glyn for around £1.5 billion.

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