RBS unveils brand changes, new structure in ring-fencing revamp

RBS unveils brand changes, new structure in ring-fencing revamp
 

Royal Bank of Scotland (RBS.L) is to separate its retail operations from its higher-risk businesses in a major overhaul to meet new ring-fencing rules in Britain, which also means the RBS brand will only be used in Scotland.
Ring-fencing aims to avoid a repeat of the 2008 financial crisis, when banks' bad bets threatened ordinary depositors' cash, leading to big taxpayer-funded bailouts. The rules apply to all banks in Britain that have both retail and commercial or investment banking activities.
State-backed RBS said on Friday NatWest would become its main retail brand in England, Wales... read more

 
30 September 2016 in Business, Views: 50
Source: Reuters
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