ROYAL BANK OF SCOTLAND GROUP PLC (NWG, RBS, RBSPF) stock holdings and annual report by SEC Form 13f filings Mar, 2024 (2024)

FAQs

What happened to my Royal Bank of Scotland shares? ›

The ordinary and/or preference shares you held in the Group prior to the name change ('RBS shares') continue to exist. However following the legal name change, the RBS shares became shares in NatWest Group. There was no change to nominal value or structure of your shareholding as a result of the change of name.

The holding company was renamed The Royal Bank of Scotland Group in 1979 and became NatWest Group in July 2020.

2020 group rebranding

On 14 February 2020, it was announced that RBS Group was to be renamed NatWest Group, taking the brand under which the majority of its business is delivered. On 16 July 2020 the company announced that the rebrand would take place on 22 July 2020.

NatWest Holdings Inc.

NatWest Group

If a publicly traded company is acquired by a private company, its share prices will typically rise to the takeover price. When the deal is closed, existing shareholders will receive cash in return for their stock (i.e., their shares will be sold to the acquiring company).

Anyone who kept their British Gas shares went on to own stakes in Centrica, BG Group (which was then taken over by Royal Dutch Shell) and National Grid. However, thousands have simply forgotten that they had them or have lost track of them.

The bank's insolvency was attributed to: · under-provisioning for loans; · over estimation of investment assets; · rejection by the central bank of certain fixed assets presented by The Royal Bank for capital purposes; · non-performing loans - 78.9% of total loans were non-performing; · poor credit risk management; · ...

"The key problem is that RBS was trying to grow too fast and too furiously," said Fraser. Even its Ulster Bank balance sheet ballooned from £9.8 billion when RBS acquired it in 2000 to £55bn in 2007. It also took over Dutch lender ABN Amro for £50 billion in 2007. Fred the Shred's journey was like Icarus.

For a short period in 2008, RBS was the biggest bank in the world by assets. In October 2008, after almost a decade of global expansion culminating in the takeover of ABN AMRO, RBS ran into significant financial difficulties and was bailed out by the UK government.

Royal Bank of Scotland still exists in its own right with 73% owned by UK Investments but Bank of Scotland is a subsidiary of the Lloyds Banking Group since 2009.

Does Bank of Scotland still exist? ›

The Governor and Company of the Bank of Scotland

It is the only commercial institution created by the Parliament of Scotland, when Scotland was an independent, sovereign state, to remain in existence.

It hopes the name change, and other measures including a focus on its environmental targets, will help it to move on from past scandals, including its near-collapse in 2008, when it was rescued by a £45bn government bailout during the financial crisis.

The ordinary and/or preference shares you currently hold in The Royal Bank of Scotland Group plc ('shares') will continue to exist once the name is legally changed, and so they will be the same shares but held in NatWest Group plc .

The Royal Bank of Scotland has been named the worst current account provider in Britain by the competition watchdog. RBS was ranked as the poorest overall provider based on customer service, overdrafts, branch network and online and web provision. RBS is owned by NatWest Group, which is 48.1pc owned by the Government.

2011: RBC sold RBC Bank to PNC Financial Services for US$3.62 billion.

Blackstone will acquire all shares in Crown for $13.10 per share and shareholders should see the cash hit their bank accounts on 24 June. It won't be the last we hear of Crown, though, with competitor Star Entertainment still on our Buy list.

Will I receive a new share certificate? If you hold your RBS shares in certificated form, you won't receive a new share certificate in the new company name; your existing share certificate(s) will remain valid. Any share certificates issued following the legal change of name will be in the name of NatWest Group plc.

You can sell or transfer your RBS shares via the nominee account by logging into Your Shares. option ● Agree to the relevant Terms and Conditions and follow the online instructions. If the RBS share price is less than the option price you will need to call Computershare on +44 (0)370 702 0109 to exercise your option.