The bank said it will now be known as
The
The British government spent 45 billion pounds bailing out RBS after the 2008 crisis, and still owns a 62% stake in the bank.
Since the crisis, RBS has dramatically scaled back its global aspirations.
Chairman
“We have exited a lot of the international business which were not profitable. That was branded RBS and that's gone,” he said. "It really makes no sense for us to continue to be called RBS. It was designed for a global group of brands, which we no longer are."
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