Royal Bank of Scotland (RBS) is a leading banking institution established in 1727 in Edinburgh, Scotland. The bank was formed by a number of investors who reinvented the wheel when the initial Company of Scotland failed to sustain its business. With its headquarters in Edinburgh, RBS has launched numerous innovative products that continued to transform the banking sector. For instance, the bank is the first to devise an overdraft concept that altered the entire sector and prompted the invention of new products. The bank offers a wide range of banking and insurance services to individual and business consumers. In addition, the bank operates over 19 ‘mobile banks’ to serve people living in remote areas.
Currently, the bank operates more than 700 branches in Scotland, Wales, and the UK. Furthermore, the bank has key brands that include Child & Co., Drummonds, Coutts, NatWest, Lombard, Holts, Ulster Bank, and Isle of Man Bank. The bank is mainly listed on the New York Stock Exchange market.