RBS To Slash Investment Bank, Rebrand As Natwest

Business World | Feb 14, 2020 at 3:15 PM
  • Royal Bank of Scotland’s new Chief Executive Alison Rose unveiled a new strategy for the taxpayer-backed bank on Friday, including radically cutting back the size of its loss-making investment bank and renaming the company NatWest.
  • The strategy includes plans to halve investment bank NatWest Markets’ risk weighted assets to 20 billion pounds ($26.10 billion) and a string of green targets such as halving the impact of the bank’s climate financing by 2030.
  • The dividend equates to a 1 billion pound payout for investors that includes a 600 million pound windfall for taxpayers.