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Royal Bank of Scotland
Today it is the largest bank in Scotland, the second largest in the UK and Europe, and the fifth largest in the world by market capitalisation. Its shares have a primary listing on the London Stock Exchange.
The bank's head office is in St Andrew's Square, Edinburgh. It has offices throughout Europe, America and Asia.
History of the Royal Bank of Scotland
Constituents of the Royal Bank of Scotland Group
Other facts£100 banknotes of the Royal Bank of Scotland
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. George C Weston of the British Westons became chief executive of ABF on 1 April 2005, and WG Galen Weston, the chief executive of George Weston Ltd, is a non-executive director. It has offices throughout Europe, America and Asia. The company was developed and is still controlled by the British branch of the Weston family, cousins of the Canadian Westons who built the leading Canadian food business George Weston Ltd. The bank's head office is in St Andrew's Square, Edinburgh. Its turnover for the 52 weeks to 15 September 2004 was £5.165 billion (just under $10 billion at that date), and net profit was £342 million. Its shares have a primary listing on the London Stock Exchange. The company sells its products throughout the world, with two thirds of its turnover coming from Europe.
Today it is the largest bank in Scotland, the second largest in the UK and Europe, and the fifth largest in the world by market capitalisation. (a retail sports and leisure business), Kingsway Fresh Foods (a meat processing facility) and Daily Wrap Produce (a fruit and vegetable packaging plant).
It was the first bank in the world to offer an overdraft facility. The group's subsidiaries include British Sugar, animal foodstuffs company Allied Grain and food ingredients company Abitec Corporation. It is the only UK bank that still prints a 1 pound note. ABF's current brands include Allison and Kingsmill bread, Ovaltine, Ryvita, Nelsons jam and Twinings tea. The Royal Bank of Scotland, along with Clydesdale Bank and Bank of Scotland, still prints its own banknotes for Scotland. It has bought and sold many businesses around the world over the decades, including the British supermarket chain Fine Fare. WorldPay - specialised in Internet Business. It was initially a baker, and it invented sliced bread in the 1930s.
Coutts - UK private bank based in London. ABF was incorporated in 1935. Ulster Bank - Belfast-based bank with branches throughout Ireland. It is headquartered in Knightsbridge, London, England, and is a constituent of the FTSE 100 index. Direct Line - telephone financial services company. The company has diverse food manufacturing interests and a secondary business in fashion retailing. bank group based in New England. Associated British Foods (ABF) is a British multinational with a multi-billion pound turnover.
Citizens Financial Group - U.S. Adam and Company - UK private bank. NatWest - UK clearing bank, head office in London. Royal Bank of Scotland- Scottish clearing bank, head office in Edinburgh.
2000- acquisition of the National Westminster Bank after hostile takeover battle with the Bank of Scotland. 1997- develops internet banking. 1997- Registrars department acquired by Australian share registry company Computershare. 1988- acquisition of Citizens Financial Group of Rhode Island.
1985- Williams and Glyn's bank name merged with the Royal Bank of Scotland. 1985- established the Direct Line insurance brand. 1980- abortive hostile takeover bid by Hong Kong and Shanghai Banking Corporation fails. 1972- merger with National Commercial Bank of Scotland.
1920- acquisition of various small English banks to form Williams Deacons Bank,later combined with Glyn Mills & Co. to form Williams and Glyn's Bank. 1874- first London branch opens. 1783- first branch in Glasgow opens. 1727- founded in Edinburgh by Royal Charter.