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In 2014, comedian Russell Brand staged a protest against bonuses outside RBS's offices in London. [67] RBS' central role in the financial crisis led to it being targeted by a protest camp, 'Occupy Edinburgh', who set-up outside their Head Branch on St. Andrews Square in October 2011. The camp was maintained for 108 days and included a number of ...
In 2004, RBS purchased the credit card division of Connecticut-based People's Bank. [16] [17] This purchase allowed Citizens to issue and market its own credit cards. In October 2015, RBS sold its remaining stake in Citizens Financial Group, having progressively reduced its stake through an initial public offering (IPO) started in 2014. [18]
When dealings in bank shares are suspended it is all over. I knew the bank was finished, in the most spectacular way possible. The game was up. If the markets could give up on RBS, one of the largest banks in the world, all bets on Britain's and the world's financial system were off.
NatWest Group PLC [1] is a British banking and insurance holding company, based in Edinburgh, Scotland.. The group operates a wide variety of banking brands offering personal and business banking, private banking, investment banking, insurance and corporate finance.
After the nationalisation of Northern Rock, the Act allowed for the nationalisation of the mortgage and personal loan book of Bradford & Bingley on 29 September 2008. [ 5 ] On 8 October 2008, the Treasury announced that an order under the Act was being used to transfer all retail deposits with Heritable Bank , a UK-based banking subsidiary of ...
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1868 Nationalisation of inland telegraphs under the General Post Office with the Telegraph Act 1868. [69] 1875 Suez Canal Company - The Egyptian share in the company was bought by the government. 1912 Nationalisation of National Telephone Company under the GPO, apart from Portsmouth and Hull. The Portsmouth telephone service was nationalised ...