Page 7 - RBS GRG F Teaching Note
P. 7
Introduction
A decade ago RBS was the largest bank in the world, with a
balance sheet of £2.2 bn. The financial crisis decimated the
company and saw it taken into public ownership. By 2018
the CEO Ross McEwan was saying
“We’ve been restructuring the bank, but it’s taken
time and a lot of cost to come out of countries and
businesses we didn’t want to be in.” (5: case study)
“The culture, structure and way RBS operates
today have all changed fundamentally since the
period under review and we have made significant
changes to deal with the issues of the past,
including how we treat customers in financial
distress.”
RBS Profile
RBS
Founded 1727
Sector Banking & Financial Services
Owner NatWest Holdings (2016 Subsidiary of RBSG plc)
Parent Royal Bank of Scotland Group
Tagline/ Slogan ‘RBS’
USP RBS has nearly 300 years of experience
RBS STP
Finance & Insurance, Corporate & Personal Banking, Wealth
Segment Management
