RBS will change name to NatWest as Alison Rose begins overhaul
by Kalyeena Makortoff Banking correspondent from Environment | The Guardian on (#4ZBSP)
New chief executive sets out strategy at bank bailed out by the government in 2008
Royal Bank of Scotland's new chief executive is renaming the group NatWest in a corporate overhaul designed to put its 2008 government bailout, and the fallout from a a string of scandals, behind it.
The lender said it was ditching the 293-year-old RBS company name, saying it was the right time to make a change at the parent company and reflect that NatWest is its biggest brand. However, the existing RBS bank branches - most of which are in Scotland - will keep their name, as will Ulster Bank in Northern Ireland.
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