Royal Bank of Scotland Group

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  • 202.40p
  • 2.30p (1.15%)

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RBS share price: UBS sees bank as outperforming restructuring plan

UBS hikes price target on RBS after interims

Analysts lift valuation on bailed-out lender

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About Royal Bank of Scotland Group

The Royal Bank of Scotland Group Plc (RBS) is a British holding company operating a wide variety of banking brands offering personal and business banking, private banking, insurance and corporate finance. The Royal Bank of Scotland Group plc operates in the UK, the US as well as internationally through its two main subsidiaries, namely The Royal Bank of Scotland plc (the Royal Bank) and National Westminster Bank Plc (NatWest).
Headquartered in Edinburgh, RBS serves over 30 million customers worldwide and provides banking and financial services to over 40 countries via 3,700 branches globally. Some of the RBS brands include The Royal Bank of Scotland, NatWest, Ulster Bank, Citizens Bank and Isle of Man Bank. RBS is listed both on the London Stock Exchange and on the New York Stock exchange where the group's shares are traded as American Depository Receipts (ADRs).
During the 2008 financial crisis the UK government bailed RBS out, initially taking 58 percent in RBS ordinary shares. Including the Government's acquisition of B shares in December 2009, the total economic ownership of the UK Government of the RBS Group currently stands at 81.14 percent. In 2013, RBS was fined £392 million for its role in the Libor rate-rigging scandal.

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