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Royal Bank of Scotland Group

Royal Bank of Scotland Group
Company nameThe Royal Bank of Scotland Group plc
Company typePublic company
SloganMake It Happen.
IndustryFinancial services
HeadquartersEdinburgh, Scotland,
United Kingdom
Area servedWorldwide
Key peoplePhilip Hampton, (Chairman)
Stephen Hester, (CEO)
ProductsFinance and insurance
Consumer Banking
Corporate Banking
Investment Banking
Global Wealth Management
Credit Cards
Revenue£31.868 billion (2010)
Operating income£(0.399) billion (2010)
Net income£(1.033) billion (2010)
Total assets£1.453 trillion (2010)
Total equity£76.851 billion (2010)
Owner(s)H.M. Government (84%)
Employees148,500 (2010)
SubsidiaryRoyal Bank of Scotland
National Westminster Bank
Ulster Bank
Direct Line
Citizens Financial Group
Coutts & Co.
Adam and Company
Child & Co.
RBS Securities
Churchill Insurance

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The Royal Bank of Scotland Group (Lse - RBS) is a British banking and insurance holding company in which the UK Government (HM Treasury) holds an 84% controlling share (economic interest; actual voting rights will not rise above 75% in order for it to retain its listing on the London Stock Exchange). This stake is held and managed through UK Financial Investments Limited. The group is based in Edinburgh, Scotland, and is the world's largest company by assets.

The group controls the Royal Bank of Scotland plc, founded in 1727 by a Royal Charter of King George I, the National Westminster Bank, which can trace its lineage back to 1650, and Ulster Bank in Ireland.

RBS Group is the largest banking group in Scotland, and at its earlier peak was the second largest in the UK and Europe (fifth in stock market value), and the fifth largest in the world by market capitalisation. According to Forbes Global 2000, it was the tenth largest company in the world. Its shares have a primary listing on the London Stock Exchange. The registered head office of the group and the UK clearing bank are located at St Andrew Square, Edinburgh. In 2005, Queen Elizabeth II opened the bank's new head office building in Gogarburn, Edinburgh.

The RBS Group operates a wide variety of banking brands offering personal and business banking, private banking, insurance and corporate finance throughout its operations located in Europe, North America and Asia. In the UK and Republic of Ireland, the main subsidiary companies are: The Royal Bank of Scotland; National Westminster Bank; Ulster Bank; Drummonds; and Coutts & Co. In the United States, it owns Citizens Financial Group, the 8th largest bank in the country. From 2004 to 2009 it was the second largest shareholder in the Bank of China, itself the world's fifth largest bank by market capitalisation in February 2008. Insurance companies include Churchill Insurance, Direct Line, Privilege, and NIG.

The group issues banknotes in Scotland and Northern Ireland and, as of 2008, Royal Bank of Scotland is the only bank in the UK still to print a £1 note.

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