Finance and accounting : Royal bank of Scotland - Assignment Example

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Finance and accounting : Royal bank of Scotland

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. The bank had a market capitalisation of just about £12.2 billion as of December 23rd 2011, making it only the 32nd biggest institution on the British Stock Exchange, London, and the bulk of the bank now belongs to the United Kingdom regime. In 2012, the United Kingdom government publicised plans to buy the remainder of the RBS shares, which it did not own as it considered that while the normal taxpayer possesses over 82% of the company after a bailout in 2008, they have 100% of the institution’s huge liability risks. The Royal Bank of Scotland controls a large variety of banking brands offering business and personal banking, private banking, corporate finance and insurance all through its operations situated in Asia, Europe and North America. In the United Kingdom and Ireland, the key subsidiary organizations are The Royal Bank of Scotland, Ulster Bank, National Westminster Bank, Coutts & Co and Drummonds (Walker & Knight, 2011). In the United States, the bank has 100% possession of Citizens Financial Group (CFG), the 8th biggest bank in the nation. ...
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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. …
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