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Royal Bank Of Scotland
The Royal Bank of Scotland Public Limited Company () is a major retail banking, retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest and Ulster Bank. The Royal Bank of Scotland has around 700 branches, mainly in Scotland, though there are branches in many larger towns and cities throughout England and Wales. The bank is completely separate from the fellow Edinburgh-based bank, the Bank of Scotland, which pre-dates the Royal Bank by 32 years. The Royal Bank of Scotland was established to provide a bank with strong House of Hanover, Hanoverian and Whigs (British political party), Whig ties. Following ringfencing of the Group's core domestic business, the bank became a direct subsidiary of NatWest Holdings in 2019. NatWest Markets comprises the Group's investment banking arm. To give it legal form, the former RBS entity was renamed NatWest Markets in 2018; at the same time Adam and Company (which held a separa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NatWest Group
NatWest Group plc is a British banking and insurance holding company, based in Edinburgh, Scotland. The group operates a wide variety of banking brands offering personal and business banking, private banking, investment banking, insurance and corporate finance. In the United Kingdom, its main subsidiary companies are National Westminster Bank, Royal Bank of Scotland, NatWest Markets and Coutts. The group issues Banknotes of the pound sterling, banknotes in Scotland and Northern Ireland. Before the 2008 financial crisis, NatWest was very briefly the largest bank in the world, and for a period was the second-largest bank in the UK and Europe and the fifth-largest in the world by market capitalisation. Subsequently, with a slumping share price and major loss of confidence, the bank fell sharply in the rankings, although in 2009 it was briefly the world's largest company by both assets (£1.9 trillion) and liabilities (£1.8 trillion). The bank was bailed out by the UK government ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dundas House
Dundas House is a Neoclassical building in Edinburgh, Scotland. It is located at 36 St Andrew Square, in the city's first New Town. The building was completed in 1774 as a private town house for Sir Lawrence Dundas by the architect Sir William Chambers. Much altered internally and extended over the years, today it is the registered office of the Royal Bank of Scotland and its parent, NatWest Group and is protected as a category A listed building. Background The site was previously occupied by a rural tavern known as "Peace and Plenty". This stood on the road from Edinburgh to Stockbridge, later called Gabriels Road, and still extant at its extremities. When the town council made plans for a New Town drawn up by James Craig in 1767, the site of Dundas House was shown as a proposed church, St. Andrew's (hence the name of the square), acting as a counterpart to St. George's Church on what became Charlotte Square (originally to be called George Square but another scheme to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Scotland
The Bank of Scotland plc (Scottish Gaelic: ''Banca na h-Alba'') is a commercial bank, commercial and clearing (finance), clearing bank based in Edinburgh, Scotland, and is part of the Lloyds Banking Group. The bank was established by the Parliament of Scotland in 1695 to develop Scotland's trade with other countries, and aimed to create a stable banking system in the country. It was the first bank to be established in Scotland, and is the List of banks in Scotland, oldest operational bank in the country, the List of oldest banks in continuous operation, ninth oldest bank in continuous operation globally, as well as the longest continuous issuer of banknotes in the world. With a history dating to the end of the 17th century, the Bank of Scotland was the first bank to have been established in Scotland, and, it is the List of oldest banks in continuous operation, fifth-oldest extant bank in the United Kingdom (the Bank of England having been established one year earlier). It is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pound Sterling
Sterling (symbol: £; currency code: GBP) is the currency of the United Kingdom and nine of its associated territories. The pound is the main unit of sterling, and the word '' pound'' is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling. Sterling is the world's oldest currency in continuous use since its inception. In 2022, it was the fourth-most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the renminbi, it forms the basket of currencies that calculate the value of IMF special drawing rights. As of late 2022, sterling is also the fourth most-held reserve currency in global reserves. The Bank of England is the central bank for sterling, issuing its own banknotes and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overdraft
An overdraft occurs when something is withdrawn in excess of what is in a current account. For financial systems, this can be funds in a bank account. In these situations the account is said to be "overdrawn". In the economic system, if there is a prior agreement with the account provider for an overdraft, and the amount overdrawn is within the authorized overdraft limit, then interest is normally charged at the agreed rate. If the negative balance exceeds the agreed terms, then additional fees may be charged and higher interest rates may apply. By analogy, overdrafting of an aquifer refers to extraction of water faster than it will be replenished. History in finance The first overdraft facility was set up in 1728 by the Royal Bank of Scotland. The merchant William Hogg was having problems in balancing his books and was able to come to an agreement with the newly established bank that allowed him to withdraw money from his empty account to pay his debts before he received h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Archibald Campbell, 3rd Duke Of Argyll
Archibald Campbell, 3rd Duke of Argyll, 1st Earl of Ilay, (June 1682 – 15 April 1761) was a Scottish nobleman, politician, lawyer, businessman, and soldier. He was known as Lord Archibald Campbell from 1703 to 1706, and as the Earl of Ilay from 1706 until 1743, when he succeeded to the dukedom. He was the dominant political leader in Scotland in his day, and was involved in many civic projects. Early life and career Born at Ham House, Petersham, Surrey, he was the second son of Archibald Campbell, 10th Earl and 1st Duke of Argyll (1658–1703) and his wife Elizabeth, eldest daughter of Sir Lionel Tollemache, 3rd Baronet of Helmingham, Suffolk. He was the first cousin once removed of Lord William Campbell. He was educated at Eton College and later at the University of Glasgow and Utrecht University, where he studied civil law. On his father being created a Duke in 1703 he joined the army, and served for a short time under the Duke of Marlborough. He was appointed Lord ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jacobitism
Jacobitism was a political ideology advocating the restoration of the senior line of the House of Stuart to the Monarchy of the United Kingdom, British throne. When James II of England chose exile after the November 1688 Glorious Revolution, the Parliament of England ruled he had "abandoned" the English throne, which was given to his Protestant daughter Mary II of England, and his nephew, her husband William III of England, William III. On the same basis, in April the Convention of Estates (1689), Scottish Convention awarded Mary and William the throne of Scotland. The Revolution created the principle of a contract between monarch and people, which if violated meant the monarch could be removed. A key tenet of Jacobitism was that kings were appointed by God, making the post-1688 regime illegitimate. However, it also functioned as an outlet for popular discontent, and thus was a complex mix of ideas, many opposed by the Stuarts themselves. Conflict between Charles Edward Stuar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Acts Of Union 1707
The Acts of Union refer to two acts of Parliament, one by the Parliament of Scotland in March 1707, followed shortly thereafter by an equivalent act of the Parliament of England. They put into effect the international Treaty of Union agreed on 22 July 1706, which politically joined the Kingdom of England and Kingdom of Scotland into a single "political state" named Kingdom of Great Britain, Great Britain, with Anne, Queen of Great Britain, Queen Anne as its sovereign. The English and Scottish acts of ratification took effect on 1 May 1707, creating the new kingdom, with Parliament of Great Britain, its parliament based in the Palace of Westminster. The two countries had shared a monarch since the "personal" Union of the Crowns in 1603, when James VI of Scotland inherited the English throne from his cousin Elizabeth I to become (in addition) 'James I of England', styled James VI and I. Attempts had been made to try to unite the two separate countries, in 1606, 1667, and in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company Of Scotland
The Company of Scotland Trading to Africa and the Indies, also called the Scottish Darien Company, was an overseas trading company created by an act of the Parliament of Scotland in 1695. The act granted the company a monopoly of Scottish trade to India, Africa and the Americas, extraordinary sovereign rights and 21 years of exemptions from taxation. Financial and political troubles plagued its early years. The court of directors was divided between those residing and meeting in Edinburgh and those in London, amongst whom were both Scots and English. They were also divided by business intentions; some intended to trade in India and on the African coast, as an effective competitor to the English East India Company, while others were drawn to William Paterson's Darien scheme, which ultimately prevailed. In July 1698 the company launched its first expedition, led by Paterson, who hoped to establish a colony in Darien (on the Isthmus of Panama), which could then be used as a trad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prudential Regulation Authority (United Kingdom)
The Prudential Regulation Authority (PRA) is a United Kingdom financial services regulatory body, formed as one of the successors to the Financial Services Authority (FSA). The authority is responsible for the prudential regulation and supervision of banks, building societies, credit unions, insurers and major investment firms. It sets standards and supervises financial institutions at the level of the individual firm. Although it was initially structured as a limited company wholly owned by the Bank of England, the PRA's functions have now been taken over by the Bank and are exercised through the Prudential Regulation Committee. The company has since been liquidated. The PRA was created by the Financial Services Act 2012 and formally began operating alongside the new Financial Conduct Authority on 1 April 2013. As the Bank of England is operationally independent of the Government of the United Kingdom, the PRA is a quasi-governmental regulator, rather than an arm of the gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adam And Company
Adam and Company Investment Management Limited is a wealth management company based in Edinburgh, Scotland offering discretionary investment management and wealth planning services to high-net-worth clients in the UK. Founded in 1983, it is named after Adam Smith, a leading figure of the Scottish Enlightenment era who revolutionised economic theory in 1776 with the publication of '' An inquiry into the Nature and Causes of the Wealth of Nations''. In 2021, the business was acquired by Canaccord Genuity Group through its UK wealth management business, Canaccord Genuity Wealth Management. History The bank was founded by Sir Iain Noble and another partner in 1983, opening its first branch in Charlotte Square, Edinburgh on 29 May 1984. In 1986, Adam and Company acquired London-based Continental Trust and later established an international arm in Guernsey. Branches in Glasgow, Manchester and Aberdeen were also opened between 1987 and 2005. Royal Bank of Scotland In 1993, f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NatWest Markets
NatWest Markets plc is the investment banking arm of NatWest Group based in the United Kingdom. The company was created from the then RBS Group's corporate and institutional banking division in 2016, as part of a structural reform intended to comply with the requirements of the Financial Services (Banking Reform) Act 2013 and to give the NatWest brand greater prominence. The Act implements the Independent Commission on Banking recommendation that domestic retail banking should be "ring-fenced" from riskier trading activities by 2019. The ring-fenced sub-group, NatWest Holdings, was created at the same time. To give it legal form, The Royal Bank of Scotland was renamed NatWest Markets in 2018; at the same time Adam and Company (which held a separate PRA banking licence) was renamed The Royal Bank of Scotland, with Adam and Company continuing as an RBS private banking brand until 2022. History The NatWest Markets name was previously used from 1992 to 1997, the remnants of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
