139. The Royal Bank of Scotland Group plc (rbs Group) and its financial services.

RBS Group is a UK-based banking and financial services company. Headquartered in Edinburgh, they serve 24 million personal, business and institutional customers in the UK, Europe, the Middle East, the Americas and Asia.

They have almost 115,000 employees and provide a wide range of products and services to personal, commercial and large corporate and institutional customers through two main subsidiaries, The Royal Bank of Scotland and NatWest, as well as through a number of other well-known brands including Citizens, Charter One, Ulster Bank and Coutts.

Before the 2008 collapse and the general financial crisis, RBS Group was very briefly the largest bank in the world. But now RBS group has the scale to compete with other UK banks with a much smaller and safer platform from which to do so than previously.

The Royal Bank of Scotland was founded in Edinburgh by Royal Charter in 1727 and then through the mergers and acquisitions spread its network to the whole world.

RBS Group provide three customer businesses:

• Personal & Business Banking

• Commercial & Private Banking

• Corporate & Institutional Banking

Personal and business banking is a combination of personal banking -all the financial needs you have as an individual – and small business banking – that’s a business that has a turnover of 2 million pounds or under. Typically a small business wants to do its personal banking often in the same place often with the same person, and this structure will allow RBS Group to better meet the needs of those small businesses.

Examples of services for personals: day-to-day banking, savings and investing, personal borrowing, mortgages, insuring and protecting.

Commercial & Private Banking

RBS is the number one bank for SMEs in the UK.

Their priority in Commercial & Private Banking is to deepen relationships with commercial clients and open up new opportunities for them. 

Examples of services: credit cards, insurance, loans, mortgages and savings.

Corporate & Institutional Banking

CIB is the wholesale banking business of RBS serving large corporate clients, financial institutions, governments and their agencies. 

It meets clients’ needs by helping them raise money, protect money and move money

CIB provides clients with a leading service in corporate banking, fixed income products, debt financing solutions and transaction services.

When large corporates and financial institutions do business internationally they can rely on RBS’s presence in over 30 countries worldwide.

Examples of services:

• Specialist finance (structured finance, asset, invoice finance, international banking)

• Sector expertise (healthcare, professionals, retail and wholesale, leisure)

• Business support (managing financial risk, receiving payments securely, independent financial advice, guide to selling your business)

140.Barclays financial services company.

Barclays is a British multinational banking and financial services company headquartered in London. It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards. It has operations in over 50 countries and territories and has around 48 million customers.

The Barclays main focuse today is four core businesses – Personal and Corporate; Barclaycard; Africa; and the Investment Bank.

Barclays’ competitive advantage is created by the scale and diversity of businesses and the quality, character and relationships of their people.

Barclays' operations are organised within two business 'clusters': Corporate and Investment Banking and Wealth and Investment Management; and Retail and Business Banking. The Corporate and Investment Banking and Wealth and Investment Management cluster comprises three business units: Corporate banking; Investment banking; and Wealth and investment management. The Retail and Business Banking cluster comprises four business units: Africa Retail and Business Banking; Barclaycard (credit card and loan provision); Europe Retail and Business Banking; and UK Retail and Business Banking.

It provides essential banking services across sectors, regions and around the world:

• A full suite of savings and investments, credit and loan facilities, and payment services to meet the day-to-day banking needs for customers and clients.

• Payment processing and working capital facilities for small and large businesses alike, helping them receive money and pay staff and suppliers.

• A full global suite of investment bank services from corporate finance to macroeconomic research, and capital markets execution to risk management. 

Barclays services (in UK market):

1. For individuals: Personal banking, Premier banking, Barclaycard, Wealth management.

2. For small and medium businesses: Business banking, Barclaycard, Corporate banking.

3. For corporates and institutions: Corporate banking, Investment banking, Barclaycard.

Barclaycard, part of Barclays Retail and Business Banking, is a global payment business. The Barclaycard was the first credit card introduced in the UK, coming into service in 1966. It enjoyed a monopoly until the introduction of the Access card in 1972. The 'Barclaycard' was not the first payment card to be issued in the United Kingdom though, Diners Club and American Express launched their charge cards in 1962 and 1963 respectively.