What happened to Royal Bank of Scotland?

Recent history. Following the implosion of the Royal Bank of Scotland in 2008 while under the direction of directors at its Edinburgh headquarters, and its rescue by taxpayer funds, it became a subsidiary of the UK Government .

What is the history of the Bank of Scotland?

Early days. Bank of Scotland was founded by an Act of the Scottish Parliament on 17th July 1695 . It is Scotland's first and oldest bank, and post-dates the Bank of England by just one year. The Bank was set up primarily to develop Scotland's trade, mainly with England and the Low Countries.

What went wrong with RBS?

"The key problem is that RBS was trying to grow too fast and too furiously ," said Fraser. Even its Ulster Bank balance sheet ballooned from £9.8 billion when RBS acquired it in 2000 to £55bn in 2007. It also took over Dutch lender ABN Amro for £50 billion in 2007. Fred the Shred's journey was like Icarus.

Why is RBS closing all its branches?

The closures will leave 69 branches in Scotland, in which it is pledging to invest more than £10m. RBS, now branded under the NatWest Group, says the further reduction in branch numbers is due to declining use by customers . It is promising there will be no further closures before 2026.

Does Bank of Scotland still exist?

The Governor and Company of the Bank of Scotland It is the only commercial institution created by the Parliament of Scotland, when Scotland was an independent, sovereign state, to remain in existence .

Which bank took over Royal Bank of Scotland?

On 14 February 2020, it was announced that RBS Group was to be renamed NatWest Group , taking the brand under which the majority of its business is delivered.

What happened to my Royal Bank of Scotland shares?

The ordinary and/or preference shares you held in the Group prior to the name change ('RBS shares') continue to exist. However following the legal name change, the RBS shares became shares in NatWest Group . There was no change to nominal value or structure of your shareholding as a result of the change of name.

Is the Royal Bank of Scotland system down?

User reports indicate no current problems at RBS (Royal Bank of Scotland) RBS (Royal Bank of Scotland) offers current accounts, savings, investments, loans, credit cards and other financial products. Clients can access their RBS accounts through online banking and mobile banking apps.

Bank of Scotland – Rns news (2024)

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02 August 2024 07:20:36
Source: Sharecast

RNS Number : 9625Y

Barclays PLC

02 August 2024

FORM 8.3 - Amendment to section 2a and 3b
Replaces form released on 14:58 04/07/2024
RNS Number : 2175V

FORM 8.3
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR
MORE
Rule 8.3 of the Takeover Code (the "Code")
1				KEY INFORMATION
(a)	Full name of discloser:				Barclays PLC.
(b)	Owner or controller of interest and short
	positions disclosed, if different from 1(a):
(c)	Name of offeror/offeree in relation to whose				DS SMITH PLC
	relevant securities this form relates:
(d)	If an exempt fund manager connected with an
	offeror/offeree, state this and specify identity of
	offeror/offeree:
(e)	Date position held/dealing undertaken:				03-Jul-24
(f)	In addition to the company in 1(c) above, is the discloser making				YES:
	disclosures in respect of any other party to the offer?				INTERNATIONAL PAPER COMPANY
2				POSITIONS OF THE PERSON MAKING THE DISCLOSURE
(a)	Interests and short positions in the relevant securities of the offeror or offeree
	to which the disclosure relates following the dealing(if any)
Class of relevant security:				10p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
-1	Relevant securities owned
	and/or controlled:			32,309,382	2.34%	22,282,512	1.62%
-2	Cash-settled derivatives:
	and/or controlled:			8,643,725	0.62%	31,600,643	2.28%
-3	Stock-settled derivatives (including options)
	and agreements to purchase/sell:				0.00%		0.00%

	TOTAL:			40,953,107	2.96%	53,883,155	3.90%
(b)	Rights to subscribe for new securities (including directors and other executive
	options)
Class of relevant security in relation to
which subscription right exists
Details, including nature of the rights
concerned and relevant percentages:
3				DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a)	Purchases and sales
Class of relevant		Purchase/sale		Number of		Price per unit
security				securities
10p ordinary		Purchase		358,000		4.2443 GBP
10p ordinary		Purchase		337,768		4.2577 GBP
10p ordinary		Purchase		250,000		4.2381 GBP
10p ordinary		Purchase		212,171		4.2600 GBP
10p ordinary		Purchase		197,254		4.2615 GBP
10p ordinary		Purchase		187,911		4.2597 GBP
10p ordinary		Purchase		100,000		4.2371 GBP
10p ordinary		Purchase		81,442		4.2729 GBP
10p ordinary		Purchase		72,122		4.2469 GBP
10p ordinary		Purchase		68,373		4.2535 GBP
10p ordinary		Purchase		57,900		4.2667 GBP
10p ordinary		Purchase		48,300		4.2583 GBP
10p ordinary		Purchase		37,342		4.2669 GBP
10p ordinary		Purchase		26,826		4.2508 GBP
10p ordinary		Purchase		20,958		4.2549 GBP
10p ordinary		Purchase		18,372		4.2829 GBP
10p ordinary		Purchase		17,821		4.2529 GBP
10p ordinary		Purchase		17,041		4.2525 GBP
10p ordinary		Purchase		15,312		4.2424 GBP
10p ordinary		Purchase		10,735		4.2400 GBP
10p ordinary		Purchase		10,569		4.2548 GBP
10p ordinary		Purchase		10,209		4.2772 GBP
10p ordinary		Purchase		8,593		4.2545 GBP
10p ordinary		Purchase		8,114		4.2552 GBP
10p ordinary		Purchase		6,813		4.2566 GBP
10p ordinary		Purchase		4,855		4.2684 GBP
10p ordinary		Purchase		4,853		4.2700 GBP
10p ordinary		Purchase		3,819		4.2426 GBP
10p ordinary		Purchase		3,181		4.2446 GBP
10p ordinary		Purchase		2,549		4.2455 GBP
10p ordinary		Purchase		2,310		4.2805 GBP
10p ordinary		Purchase		2,193		4.2757 GBP
10p ordinary		Purchase		1,970		4.2571 GBP
10p ordinary		Purchase		1,944		4.2467 GBP
10p ordinary		Purchase		1,934		4.2737 GBP
10p ordinary		Purchase		1,519		4.2798 GBP
10p ordinary		Purchase		1,500		4.2780 GBP
10p ordinary		Purchase		1,340		4.2900 GBP
10p ordinary		Purchase		1,074		4.2680 GBP
10p ordinary		Purchase		921		4.2840 GBP
10p ordinary		Purchase		759		4.2920 GBP
10p ordinary		Purchase		707		4.2800 GBP
10p ordinary		Purchase		678		4.2820 GBP
10p ordinary		Purchase		674		4.2940 GBP
10p ordinary		Purchase		663		4.2760 GBP
10p ordinary		Purchase		662		4.2740 GBP
10p ordinary		Purchase		657		4.2560 GBP
10p ordinary		Purchase		294		4.2559 GBP
10p ordinary		Purchase		40		4.2420 GBP
10p ordinary		Sale		258,952		4.2612 GBP
10p ordinary		Sale		166,544		4.2445 GBP
10p ordinary		Sale		156,817		4.2600 GBP
10p ordinary		Sale		116,378		4.2588 GBP
10p ordinary		Sale		74,695		4.2579 GBP
10p ordinary		Sale		58,819		4.2599 GBP
10p ordinary		Sale		54,738		4.2774 GBP
10p ordinary		Sale		53,373		4.2798 GBP
10p ordinary		Sale		50,000		4.2656 GBP
10p ordinary		Sale		17,469		4.2552 GBP
10p ordinary		Sale		11,257		4.2422 GBP
10p ordinary		Sale		10,725		4.2403 GBP
10p ordinary		Sale		10,666		4.2637 GBP
10p ordinary		Sale		10,063		4.2688 GBP
10p ordinary		Sale		9,874		4.2518 GBP
10p ordinary		Sale		8,114		4.2556 GBP
10p ordinary		Sale		7,169		4.2732 GBP
10p ordinary		Sale		6,401		4.2625 GBP
10p ordinary		Sale		4,853		4.2700 GBP
10p ordinary		Sale		4,792		4.2617 GBP
10p ordinary		Sale		3,977		4.2424 GBP
10p ordinary		Sale		3,589		4.2471 GBP
10p ordinary		Sale		3,247		4.2553 GBP
10p ordinary		Sale		2,549		4.2434 GBP
10p ordinary		Sale		2,319		4.2540 GBP
10p ordinary		Sale		2,310		4.2810 GBP
10p ordinary		Sale		1,826		4.2452 GBP
10p ordinary		Sale		1,654		4.2442 GBP
10p ordinary		Sale		1,519		4.2802 GBP
10p ordinary		Sale		1,500		4.2780 GBP
10p ordinary		Sale		1,340		4.2900 GBP
10p ordinary		Sale		1,136		4.2400 GBP
10p ordinary		Sale		1,121		4.2340 GBP
10p ordinary		Sale		1,097		4.2459 GBP
10p ordinary		Sale		887		4.2438 GBP
10p ordinary		Sale		759		4.2920 GBP
10p ordinary		Sale		754		4.2840 GBP
10p ordinary		Sale		753		4.2770 GBP
10p ordinary		Sale		707		4.2800 GBP
10p ordinary		Sale		679		4.2680 GBP
10p ordinary		Sale		678		4.2820 GBP
10p ordinary		Sale		674		4.2940 GBP
10p ordinary		Sale		663		4.2760 GBP
10p ordinary		Sale		662		4.2740 GBP
10p ordinary		Sale		657		4.2560 GBP
10p ordinary		Sale		40		4.2420 GBP

(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
10p ordinary		CFD		Increasing Long		1,551	4.2565 GBP
10p ordinary		CFD		Increasing Long		12,267	4.2567 GBP
10p ordinary		CFD		Decreasing Long		173,440	4.2600 GBP
10p ordinary		SWAP		Decreasing Long		4,304	4.2592 GBP
10p ordinary		SWAP		Decreasing Short		1	4.2700 GBP
10p ordinary		SWAP		Increasing Long		53,864	4.2599 GBP
10p ordinary		SWAP		Decreasing Short		1,121	4.2340 GBP
10p ordinary		SWAP		Decreasing Short		1,136	4.2400 GBP
10p ordinary		SWAP		Decreasing Short		11,257	4.2422 GBP
10p ordinary		SWAP		Decreasing Short		40,447	4.2600 GBP
10p ordinary		SWAP		Decreasing Short		53,373	4.2798 GBP
10p ordinary		SWAP		Increasing Short		75,000	4.2381 GBP
10p ordinary		SWAP		Increasing Short		2,735	4.2400 GBP
10p ordinary		SWAP		Increasing Short		134,819	4.2426 GBP
10p ordinary		SWAP		Increasing Short		72,122	4.2469 GBP
10p ordinary		SWAP		Increasing Short		22,466	4.2588 GBP
10p ordinary		SWAP		Increasing Short		103,386	4.2599 GBP
10p ordinary		SWAP		Increasing Short		100,000	4.2602 GBP
10p ordinary		SWAP		Increasing Long		3,977	4.2424 GBP
10p ordinary		SWAP		Decreasing Long		829	4.2476 GBP
10p ordinary		SWAP		Decreasing Long		16,212	4.2527 GBP
10p ordinary		SWAP		Decreasing Long		68,373	4.2535 GBP
10p ordinary		SWAP		Decreasing Short		17,469	4.2552 GBP
10p ordinary		SWAP		Decreasing Short		4,955	4.2599 GBP
10p ordinary		SWAP		Decreasing Short		50,000	4.2656 GBP
10p ordinary		SWAP		Decreasing Short		116,378	4.2588 GBP
10p ordinary		SWAP		Decreasing Short		5,711	4.2600 GBP
10p ordinary		SWAP		Increasing Short		175,000	4.2381 GBP
10p ordinary		SWAP		Increasing Short		327,000	4.2427 GBP
10p ordinary		SWAP		Increasing Short		294	4.2560 GBP
10p ordinary		SWAP		Increasing Short		262,215	4.2599 GBP
10p ordinary		SWAP		Increasing Short		78,128	4.2600 GBP
10p ordinary		SWAP		Increasing Short		1,934	4.2738 GBP
10p ordinary		SWAP		Increasing Short		10,684	4.2742 GBP
10p ordinary		SWAP		Increasing Short		167	4.2840 GBP
10p ordinary		SWAP		Increasing Short		7648	4.2732 GBP

(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class	Product	Writing,	Number	Exercise	Type	Expiry	Option
of	description	purchasing,	of	price		date	money
relevant		selling,	securities	per unit			paid/
security		varying etc	to which				received
			option				per unit
			relates


(ii)	Exercising
Class of relevant		Product description		Exercising/ exercised against		Number of	Exercise price per
security						securities	unit


(d)	Other dealings (including subscribing for new securities)
Class of relevant		Nature of Dealings		Details		Price per unit (if
security						applicable)

4				OTHER INFORMATION
(a)	Indemnity and other dealings arrangements
Details of any indemnity or option arrangement, or any agreement or understanding,
formal or informal, relating to relevant securities which may be an inducement to deal
or refrain from dealing entered into by the exempt principal trader making the disclosure and any party
to the offer or any person acting in concert with a party to the offer:
NONE
(b)	Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between
the person making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights of future acquisition or disposal of any relevant securities to which
any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				02-Aug-24
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

RETEAKPAEFNLEEA

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