The Royal Bank of Scotland (RBS) is a major retail and commercial bank in Scotland, operating as a subsidiary of the NatWest Group. It was founded by Royal Charter on May 31, 1727, and began operations in December 1727 in Edinburgh[1][5]. RBS is known for its extensive network of branches, primarily in Scotland but also in larger towns and cities across England and Wales[1]. ### Key Facts About RBS: - Parent Company: NatWest Group plc, which was renamed from RBS Group plc in July 2020[4]. - Brands and Operations: RBS operates alongside other brands like NatWest, Ulster Bank, and Coutts under the NatWest Group umbrella[2]. - History: RBS has grown through numerous mergers and acquisitions, including Drummonds Bank, Williams Deacon's Bank, and Glyn, Mills & Co[5]. - Services: Offers a wide range of financial services including personal and business banking, investment banking through NatWest Markets, and more[3]. ### Recent Developments: - Restructuring: In 2018, RBS underwent restructuring to comply with UK ring-fencing rules, transferring retail assets to Adam and Company, which temporarily assumed the RBS name[1]. - Name Change: The parent company, RBS Group plc, was renamed NatWest Group plc in July 2020, but the RBS brand remains unchanged in Scotland[4].