RBS to slash investment bank, rebrand as NatWest [MSNBC.com]
ROYAL BANK of SCOTLAND (RBS)
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Source: MSNBC.com
RBS to slash investment bank, rebrand as NatWest Published Fri, Feb 14 2020 Updated Moments Ago Key Points VIDEO 3:42 03:42 Third year of profit for RBS, bank's CFO says Squawk Box Europe Royal Bank of Scotland Rose, the first woman to lead one of Britain's major banks, is hoping a rebrand will help shift the lender's image away from its 45 billion pound taxpayer rescue in the 2008 financial crisis. 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. A woman walks past the headquarters of the Royal Bank of Scotland in the City of London. Johnny Green - PA Images | PA Images | Getty Images However the results were dented by a loss at NatWest Markets of 121 million pounds and a previously announced 900 million pound provision to compensate customers mis-sold loan insurance, part of a wider industry scandal. "Toda
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