What is the full form of RBS?
- on Jun 09, 2022
RBS stands for Royal Bank of Scotland.
|Full Form||Royal Bank of Scotland|
|Category||Business » Banking|
What is RBS?
Royal Bank of Scotland is a financial institution that provides banking, investment, and insurance services to individuals, businesses, and government agencies around the world. It was founded in 1727 and is one of the largest banks in the world.
RBS has a branch network in almost every country in the world. It offers a variety of banking products and services, including mortgages, credit cards, insurance, and investment products.
RBS has been involved in a number of financial scandals over the years. In 2008, it was revealed that RBS had obtained bad loans from American investment bank Lehman Brothers. This caused a financial crisis that led to the resignation of Prime Minister Gordon Brown.
In 2013, RBS was involved in another financial scandal known as “The Libor Scandal.” This involved the manipulation of interest rates by RBS and other banks. This caused millions of dollars worth of losses for innocent consumers and businesses.
Despite these controversies, RBS remains one of the most important banks in the world. It has a strong foundation and is committed to providing quality services to its customers.