RBS applies for a German banking licence – FT
24 Dec 2018

Royal Bank of Scotland Group Plc (RBS.L) has applied for a German banking licence to help maintain access to European markets after Britain’s exit from the European Union, the Financial Times reported on Sunday.

The bank has plans to replace its current Frankfurt branch with a newly licensed unit, according to the report. RBS already has one licence in continental Europe due to its takeover of Dutch bank ABN Amro in 2007.

– By Kanishka Singh, Reuters, 23 Dec 2018

Link to Reuters.

Advance your CPD minutes for this content, by signing up and using the CPD Wallet


You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.