The Royal Bank of Scotland Group plc · Edinburgh United Kingdom · (NYSE: RBS)(London: RBS)
Company Description
Phone: +44-131-556-8555
Fax: +44-131-557-6140
Rankings
- FTSE 100
- #240 in FT Global 500
View The Royal Bank of Scotland Group plc Locations On A US Map
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This link will open in a new window If you have overdraft protection for your checking account, you can thank The Royal Bank of Scotland (RBS), which introduced the service in 1728. RBS is one of Europe's largest banking and insurance groups. Principal subsidiaries Royal Bank of Scotland and National Westminster Bank have the UK's largest bank network of more than 2,000 branches. The group offers private banking and insurance products through Coutts Group and Adam & Company . Other divisions include Ulster Bank, which operates in Ireland and Northern Ireland; Citizens Financial , which operates as Citizens Bank and Charter One in the US; and US transaction processor RBS Lynk . The UK government took a majority stake in RBS in 2008. To read the full description, subscribe now.
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The Royal Bank of Scotland Group plc Reports
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The Royal Bank of Scotland Group plc Executives
69 executives listed for The Royal Bank of Scotland Group plc's Edinburgh United Kingdom location.
| Title | Name & Bio | Contact |
| Chairman | Philip Hampton | |
| Group Chief Executive and Executive Director | Stephen Hester | |
| CFO and Executive Director | Bruce Van Saun |
Competition
Competitive Landscape for The Royal Bank of Scotland Group plc
Demand is driven by demographics and commercial transactions. Demand is also driven by legal or financial requirements. Consumers are usually required by states to buy auto insurance and by lenders to buy homeowners insurance, for example. The profitability of individual companies depends on effective marketing and on the ability to accurately estimate future payments. Large companies have big economies of scale in administration and in access to capital, as well as advertising and marketing. Small companies can compete successfully by specializing in particular products or industries. Average annual revenue per worker is around $400,000, so the industry is not labor-intensive. In the late 2000s recession, insurers saw revenues decline sharply when their investment portfolios lost value after the market fell. Insurance carriers rely heavily on their investment portfolios, which is where they invest premiums collected until they are needed to pay claims or benefits. In addition, deregulation of the insurance and financial services industries led to increased risk taking that hurt insurers' credit ratings. Insurance giant AIG was forced to accept $150 billion in government loans to stave off bankruptcy that was brought on by its overexposure to credit default swaps. Federal government bailouts have primarily targeted banks. Aside from AIG, insurance companies have not been as hard hit by the subprime mortgage meltdown. But some insurance companies are seeking relief from state regulators to allow them to operate with less capital. Other insurance companies are buying financial institutions to qualify for federal aid. To read the full description, subscribe now.Top The Royal Bank of Scotland Group plc Competitors
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