The Royal Bank of Scotland Group plc (also known as RBS Group) is a British banking and insurance holding company, based in Edinburgh, Scotland. The group operates a wide variety of banking brands offering personal and business banking, private banking, insurance and corporate finance throughout its operations located in Europe, North America and Asia. In the UK and Ireland, its main subsidiary companies are The Royal Bank of Scotland, National Westminster Bank, Ulster Bank, Drummonds Bank, and Coutts. The group issues banknotes in Scotland and Northern Ireland and, as of 2012, The Royal Bank of Scotland is the only bank in the UK still to print a £1 note.
Outside the UK, it owns Citizens Financial Group, the 8th largest bank in the United States, and from 2004 to 2009 it was the second largest shareholder in the Bank of China, itself the world's fifth largest bank by market capitalisation in February 2008.
Before the 2008 collapse and the general financial crisis, RBS Group was very briefly the largest bank in the world and for some time was the second largest bank in the UK and Europe (fifth in stock market value), and the fifth largest in the world by market capitalisation. Subsequently, with a slumping share price and major loss of confidence, the bank fell sharply in the rankings, although in 2009 it was briefly the world's largest company by both assets (£1.9 trillion) and liabilities (£1.8 trillion). It received significant support from the UK government, which, as of September 2013, holds and manages an 81% stake through UK Financial Investments (UKFI), although its voting rights are limited to 75% in order for the bank to retain its listing on the London Stock Exchange.
The Group had a market capitalisation of approximately £12.2 billion as of 23 December 2011, making it the 32nd largest company on the London Stock Exchange. In addition to its primary share listing on the LSE, the company is also listed on the New York Stock Exchange.