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The Bank of Scotland plc (Scottish Gaelic: Banca na h-Alba) is a commercial and clearing bank based in Edinburgh, Scotland, and is part of the Lloyds Banking Group.The bank was established by the Parliament of Scotland in 1695 to develop Scotland's trade with other countries, and aimed to create a stable banking system in the Kingdom of Scotland. [2]
The Bank of Scotland name was to be retained for business banking. In 2006, the HBOS Group Reorganisation Act 2006 was passed. The aim of the Act was to simplify the corporate structure of HBOS. The Act was fully implemented on 17 September 2007 and the assets and liabilities of Halifax plc transferred to Bank of Scotland plc. The Halifax brand ...
The Royal Bank of Scotland plc (Scottish Gaelic: Banca Rìoghail na h-Alba) [2] is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest (in England and Wales) and Ulster Bank. The Royal Bank of Scotland has around 700 branches, mainly in Scotland, though there are ...
Airdrie Savings Bank. British Linen Bank. City of Glasgow Bank. Commercial Bank of Scotland. Douglas, Heron & Company. Glasgow and Ship Bank. Leith Banking Company. National Bank of Scotland. National Commercial Bank of Scotland.
As of Dec 2015, a number of new banking licences were secured, e.g. by Atom Bank and Tandem Bank. [11] In 2017, Business Insider came out with a list of the 18 most profitable banks in the United Kingdom while stating that the banks were now becoming profitable after facing challenges for the past few years.
Coutts' business in Europe, the Middle East, Singapore and Hong Kong was to be transferred to UBP, who were required to rebrand the business. [14] In 2022, the Royal Bank of Scotland transferred its Adam and Company banking and lending business to Coutts using a banking business transfer scheme.
National Westminster Bank. Website. wearebo.co.uk. Bó was a banking brand that operated in the United Kingdom between November 2019 and May 2020. Bó operated as a trading division of National Westminster Bank, part of the Royal Bank of Scotland Group, later renamed NatWest Group.
In early 2018, the Royal Bank of Scotland Group (now NatWest Group) announced its plans for restructuring to comply with new UK-wide rules on ring-fencing retail banking operations from investment banking operations. As part of this restructuring, all retail banking assets of the Royal Bank of Scotland were transferred to Adam and Company ...