RBS will change name to NatWest as Alison Rose begins overhaul

The Guardian | Feb 14, 2020 at 12:51 PM
  • 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.
  • As part of the strategy, Rose announced that RBS will also stop lending and offering underwriting services to major oil and gas producers that do not have credible transition plans in line with Paris climate agreement targets.
  • The value of loans to oil, gas and coal companies is relatively small compared to its peers, worth about £6bn.