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Adam and Company continued as an RBS private banking brand in Scotland, along the same lines as the Messrs. Drummond and Child & Co. businesses in England. [4] As part of the restructuring and brand management, it was decided that NatWest would become RBS Group's primary customer-facing brand in England and Wales.
Nationalisation dates back to the 'regies' or state monopolies organized under the Ancien Régime, for example, the monopoly on tobacco sales. Communications companies France Telecom and La Poste are relics of the state postal and telecommunications monopolies. There was a major expansion of the nationalised sector following World War II. [23]
The holding company was renamed The Royal Bank of Scotland Group in 1979 [10] and became a public company in 1982. [11] The late 1990s saw a new wave of consolidation in the financial services sector. In 1999, the Bank of Scotland launched a hostile takeover bid for English rival National Westminster Bank. [12]
Companies portal; United Kingdom portal; This category includes articles on industries and companies that were nationalised by the government of the United Kingdom (but which were later re-privatised) and the legislation that brought them into state ownership.
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]
The largest of the "Big 4" banks in every relevant metric is HSBC Holding (the HongKong and Shanghai Banking Corporation) which, despite its name, is a British universal bank and financial services group headquartered in London, with historical links to business in East Asia.
NatWest Offshore Limited was an Isle of Man-incorporated bank formed in 1997, with branches in Jersey, Guernsey and Gibraltar.The business was transferred to RBS International through private members' legislation passed in each of the four jurisdictions in 2001, with RBS retaining NatWest as a trading name as well as continuing its existing business.
Gas del Estado (1992) – national gas company partitioned and sold, among others, to the Spanish Gas Natural company Naturgy. Obras Sanitarias de la Nación (water company, 1992–93) - given under concession to the French conglomerate Suez , which operated it under the name Aguas Argentinas; re-nationalized in 2006 as Aguas y Saneamientos ...