RBS bids to escape bailout legacy through change of name to NatWest Group The part-nationalised lender reports surging profits and announces a series of priorities under its new chief executive.

The part-nationalised lender reports surging profits and announces a series of priorities under its new chief executive.

Royal Bank of Scotland (RBS) says it is to change its name to NatWest Group later this year as it commits to a new future following the taxpayer bailout of 2008.

While announcing the bank's annual results for 2019, which included a surge in profits, new chief executive Alison Rose set out a series of new priorities for the lender including incentive-linked targets covering climate and support for ethnic minority entrepreneurs.

RBS, which remains 62%-owned by the government, said...
source: The Sky News

2020-02-14 10:38
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