Which banks (halifax, abbey, natwest, Lloyds TSB etc) are part of the RBS GROUPS?I got a job at DirectLine, which is part of the RBS GROUP. They said I need a bank account with them, in order to pay my wages. But I am unclear on which actual banks are part of The Royal Bank of Scotland Group. | |
Like all major banks, RBS (Group) is extensive with a number of different "parts". The RBS Group is split into 8 operating areas. Each operating area has several subsidiary businesses.
Retail Banking:
This is the group’s main UK business, offering personal and business banking services. Services are operated under both the Royal Bank of Scotland and NatWest brand names. Key subsidiaries include:
Child & Co
Drummonds Bank
National Westminster Bank
National Westminster Life Assurance
Royal Bank of Scotland
Royal Scottish Assurance
Wealth Management
This is the group’s private bank division providing services to wealthy individuals:
Adam and Company
Coutts & Co.
RBS Coutts
NatWest Offshore
NatWest Stockbrokers
Royal Bank of Scotland International
Isle of Man Bank
Retail - Direct Channels
This division is responsible for the group’s credit card businesses in the UK and Europe; including internet and telephone based banking brands; and processing facilities for retailers. Key subsidiaries and brands include:
Comfort Card
Style Cards
Direct Line
Lombard Direct
MINT
Tesco Personal Finance (50% joint venture with Tesco)
The One account
Streamline Merchant Services
WorldPay
Corporate Markets
This division consists of UK Corporate Banking which provides financing, leasing services and transaction processing to corporate customers. The Global Banking and Markets division provides debt and risk management to corporate and institutional customers in markets around the world. Key subsidiaries include:
Angel Trains
Bibit
Jamjarcars
Lombard
RBS Greenwich Capital
RBS Nordisk Renting
RBS Insurance
RBS Insurance is the second largest general insurance provider in the UK, as well as a growing presence in Spain, Italy, and Germany, Key brands include:
Churchill Insurance
Churchill Insurance also underwrites: Lloyds TSB, Nationwide, Prudential, Pearl, Help the Aged and Alliance & Leicester Car Insurance brands
Direct Line - Direct Line also underwrites : Privilege (Privilege Direct, consumer side of the business)
Devitt Insurance
Green Flag
NIG
Finsure
Inter Group, with its brands Options and Medicover. The brand identifier Olly Options was created by Dirk Kelly.
Intermediary and Broker
Privilege
UKI Partnerships
UK Insurance also underwrities : Tesco, Privilege Fleet, Egg, Mint, Mini, Bmw, Peugeot, Suzuki, Vauxhall, NatWest, RBS Royalties, etc
Tracker
Ulster Bank Group
Ulster Bank Group provides personal and business banking services in Northern Ireland and the Republic of Ireland under the Ulster Bank and First Active brands.
Citizens
This division includes the Bank's businesses in the United States, Citizens Financial Group and Charter One Bank.
Manufacturing
This 'invisible' 8th division provides centralised back-office processing (Cash/Coin Management, Call Centres, etc.) for the more visible banking & insurance brands like Royal Bank, Direct Line and NatWest.
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RE:
which banks (halifax, abbey, natwest, Lloyds TSB etc) are part of the RBS GROUPS?
I got a job at DirectLine, which is part of the RBS GROUP. They said I need a bank account with them, in order to pay my wages.
But I am unclear on which actual banks are part of The Royal Bank of Scotland Group.
The Banks within the group in the UK are
Royal Bank of Scotland
NatWest
Coutts and Co
