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RBS restricts energy lending

RBS restricts energy lending 14 February 2020

RBS reveals plans to lessen the climate impact of its lending activities (via The Guardian)

By Kalyeena Makortoff

Royal Bank of Scotland’s new chief executive is renaming the group NatWest in a corporate overhaul designed to put its 2008 government bailout, and the fallout from a a string of scandals, behind it.

The lender said it was ditching the 293–year–old RBS company name, saying it was the right time to make a change at the parent company and reflect that NatWest is its biggest brand. However, the existing RBS bank branches – most of which are in Scotland – will keep their name, as will Ulster Bank in Northern Ireland.

Read more via the Guardian