History
For the history of the Royal Bank of Scotland before the holding company, see The Royal Bank of Scotland.By 1969 economic conditions were becoming more difficult for the banking sector. In response, the National Commercial Bank of Scotland merged with the Royal Bank of Scotland. The resulting company had 662 branches. The merger resulted in a new holding company, National and Commercial Banking Group Ltd. The English and Welsh branches were reorganised, until 1985, as Williams & Glyn's Bank, while the Scottish branches all transferred to the Royal Bank name. The holding company was renamed The Royal Bank of Scotland Group in 1979.
Read more about this topic: Royal Bank Of Scotland Group
Famous quotes containing the word history:
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