Grace's Guide

British Industrial History

Grace's Guide is the leading source of historical information on industry and manufacturing in Britain. This web publication contains 142,188 pages of information and 227,783 images on early companies, their products and the people who designed and built them.

Royal Bank of Scotland

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1953.

St. Andrew Square, Edinburgh.

1727 Incorporated by Royal Charter.

1914 161 branches.

1930 Acquired Williams Deacon's Bank through the good offices of the Bank of England

1969 merger of The Royal Bank of Scotland and National Commercial Bank of Scotland.

1970 the two banks’ subsidiaries outside Scotland – Williams Deacon's Bank and Glyn, Mills and Co (subsidiaries of the Royal Bank) and The National Bank (subsidiary of National Commercial) – merged to create Williams & Glyn’s Bank.

1984 the Group set up a pioneering motor insurance company, later renamed Direct Line.

1985 Williams & Glyn’s Bank merged with The Royal Bank of Scotland.

1988 the Group acquired Citizens Financial Group of Providence, Rhode Island, USA

1992 the Group acquired Adam and Co, private bankers of Edinburgh.

2000 Acquired National Westminster Group plc together with its subsidiaries Ulster Bank, Isle of Man Bank, Lombard North Central and Coutts and Co.

2007 In a consortium with Banco Santander and Fortis, Royal Bank of Scotland acquired the Dutch banking group ABN AMRO.

Soon afterwards, a crisis in global financial markets and deteriorating economic conditions across the world weakened many financial services organisations. This situation was made worse for RBS by strategic decisions that were subsequently shown to be bad mistakes. RBS became highly vulnerable to the downturn and as a consequence became part owned by the government in 2008. Since that time RBS has worked to rebuild resilience, trust and shareholder value[1].

See Also

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Sources of Information

  • [2] RBS Heritage