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RBS considers rebrand following difficult decade

The Royal Bank of Scotland may look to rebrand after continued reputational damage stemming from a difficult decade since the Global Financial Crisis, according to the Times.

RBS chair Howard Davies told the publication that the name of the bank is now under review as it looks to move focus to investing in its other brands such as Coutts, Ulster Bank and NatWest.

Ten years on from the bank’s call for emergency funding to prevent its collapse, Davies says continued reputational damage continues to weigh RBS down.

Last week the bank announced that it would close a further 54 branches across England and Wales, resulting in more than 250 job losses.

The cuts are the third round this year and follow an early announcement of plans to restructure the group’s business model.

Despite this, RBS said in March it will continue to push its plans for a stand-alone digital bank.

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RBS to cut 258 jobs as more branches close

The Royal Bank of Scotland is closing  a further 54 branches in England and Wales, cutting some 258 jobs in the process. his cuts are the third round of branch closures for RBS in less than a year. The previous round was announced in May, which saw 162 branches shut and 792 jobs lost, following […]

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RBS pays £3.6bn for misleading mortgage-backed securities claims

The Royal Bank of Scotland will pay its first dividend since the financial crash as it has agreed to pay $4.9bn (£3.6bn) to US regulators to settle claims it misled investors. RBS was accused by US authorities of misleading investors in underwriting and issuing residential mortgage-backed securities by understating the risks behind many of the […]

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RBS still under FCA review over unsuitable advice

Royal Bank of Scotland is still under FCA review over historic pensions and investment advice, it has revealed in financial results this morning. Predecessor regulator the FSA investigated a number of banks and building societies over the investment advice they offered to retail clients, producing a report on failings in 2013. RBS, along with other […]

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Halifax offers direct-only freebies like garden furniture and days out

Halifax is tempting borrowers with a choice of gifts worth £500 alongside their mortgage, including washing machines, garden furniture and days out – but the offer is only available to customers who apply direct. The lender has previously offered cashback of £1,000. First-time buyers, home movers and borrowers who switch to Halifax from another lender […]

Life cover for life

Jennifer Gilchrist Proposition Lead – Design, Royal London When someone mentions whole of life plans, most people will think of a niche product that serves as an inheritance tax planning tool for high-net-worth clients. And it’s really not surprising they’ve been pigeonholed in that way because before the arrival of RDR in 2013, that’s more […]

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