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
Share:
 




News Widget for Webmasters


Realtime News

 

«
»
Mo Tu We Th Fr Sa Su
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31