Finance & Accounting
Pages 12 (3012 words)
Royal Bank of Scotland Name: Institution: Royal Bank of Scotland Introduction The Royal Bank of Scotland plc (RBS) refers to as British banking, as well as an insurance holding firm in which the HM Treasury of United Kingdom Government, as of 31 March 2012, manages and holds an 82% stake through UKFI or UK Financial Investments Limited.
The bank has its headquarters in Edinburgh, Scotland. After the financial subside, in 2009, it was for a moment the world's largest organisation by both liabilities (?1.8 trillion) and assets (?1.9 trillion). The bank, controlled by The Royal Bank of Scotland Group (RBS Group), was established in 1727 by King George I’s Royal Charter of the National Westminster Banking Organisation, which can track its ancestry back to 1650, as well as the Ulster Bank in Ireland. The certified offices of the firm are situated in Edinburgh, St Andrew Square. Queen Elizabeth II, in 2005, opened the bank's latest head office in the suburbs of Gogarburn, Edinburgh. The bank gives out banknotes in Northern Ireland and Scotland, and, as of 2012, the bank was the only money printing institution in the United Kingdom still to print a ?1 note (Walker & Knight, 2011). Prior to the 2008 subside, as well as the universal financial predicament, RBS was very shortly the leading bank in the world and, for a long period, the second largest banking institution in the United Kingdom and Europe (fifth in the stock market value). It was also the fifth largest banking institution in the world through market capitalisation. Afterwards, with a bending share price, as well as a crucial loss of confidence, the institution fell harshly in its rankings. ...