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  • FIRST POST
    • Paul_1977
    • By Paul_1977 5th Aug 16, 5:13 PM
    • 977Posts
    • 303Thanks
    Paul_1977
    Williams & Glyn scrapped.
    • #1
    • 5th Aug 16, 5:13 PM
    Williams & Glyn scrapped. 5th Aug 16 at 5:13 PM
    RBS also called off the plan to establish Williams & Glyn as a standalone bank, scrapping the idea of floating it as an independent lender and instead reverting to an older plan to sell it to another bank.
    http://www.telegraph.co.uk/business/2016/08/05/rbs-cancels-williams--glyn-project-and-loses-another-2bn/

    Looks like its going to Santander.
    Last edited by Paul_1977; 05-08-2016 at 5:17 PM.
Page 1
    • bigadaj
    • By bigadaj 5th Aug 16, 6:04 PM
    • 7,831 Posts
    • 4,776 Thanks
    bigadaj
    • #2
    • 5th Aug 16, 6:04 PM
    • #2
    • 5th Aug 16, 6:04 PM
    Yes, not a bad outcome I'd have thought.

    The old Williams and Lyn brand was regional and focused on sme business, a bit more competition for the old bug four in this market is probably a good thing.

    Still ridiculous that rbs is in this state after a decade, it's a form of corporate vandalism, and yet again no one responsible in a management is really held to account.

    Similar things might have happened in the us but there are at least consequences to actions there.
    • MABLE
    • By MABLE 6th Aug 16, 10:00 AM
    • 3,063 Posts
    • 1,615 Thanks
    MABLE
    • #3
    • 6th Aug 16, 10:00 AM
    • #3
    • 6th Aug 16, 10:00 AM
    I use to bank with them when they were in Reading. This was back in the 70's - 80's period. They were very good for personal accounts but unfortunately the branch got closed down and the rest is history.
    • chambta
    • By chambta 7th Aug 16, 9:07 AM
    • 2,724 Posts
    • 1,011 Thanks
    chambta
    • #4
    • 7th Aug 16, 9:07 AM
    • #4
    • 7th Aug 16, 9:07 AM
    The amount of money wasted on this is absolutely scandalous.
    • kingrulzuk
    • By kingrulzuk 8th Aug 16, 9:35 AM
    • 1,243 Posts
    • 563 Thanks
    kingrulzuk
    • #5
    • 8th Aug 16, 9:35 AM
    • #5
    • 8th Aug 16, 9:35 AM
    What a waste of money but im sure Ross McEwan will get a big bonus
    What happens if you push this button?
    • debtorwithaquestion
    • By debtorwithaquestion 15th Aug 16, 11:19 AM
    • 105 Posts
    • 27 Thanks
    debtorwithaquestion
    • #6
    • 15th Aug 16, 11:19 AM
    • #6
    • 15th Aug 16, 11:19 AM
    I'm confused... Does this mean that RBS England and Wales accounts will literally be turned into whichever bank buys them? Or will the accounts still become the brand of Williams and Glynn ?
    • 20aday
    • By 20aday 15th Aug 16, 12:43 PM
    • 1,720 Posts
    • 692 Thanks
    20aday
    • #7
    • 15th Aug 16, 12:43 PM
    • #7
    • 15th Aug 16, 12:43 PM
    From what I've read branches in England and Wales will become NatWest.
    It's not your credit score that counts, it's your account conduct and credit history.
    • Marchitiello
    • By Marchitiello 15th Aug 16, 9:42 PM
    • 142 Posts
    • 45 Thanks
    Marchitiello
    • #8
    • 15th Aug 16, 9:42 PM
    • #8
    • 15th Aug 16, 9:42 PM
    No confusion necessary. The plan was to rebrand and sell/float the new brand and branches.
    The new plan is to sell the branches to another bank and the new bank will rebrand them to theirs (which was the original plan with the sales to Santander).
    All England & Wales branches but Holts, Drummonds and Child & co should be sold off, with no conversion to Natwest
    • debtorwithaquestion
    • By debtorwithaquestion 16th Aug 16, 12:45 AM
    • 105 Posts
    • 27 Thanks
    debtorwithaquestion
    • #9
    • 16th Aug 16, 12:45 AM
    • #9
    • 16th Aug 16, 12:45 AM
    ok... i see... will your 'internal score' remain? because i have a contactless card with rbs which is offline and i wish to be able to still have this when the transfer happens. wish theyd just convert it all to natwest though!
    • Heng Leng
    • By Heng Leng 16th Aug 16, 1:49 AM
    • 3,501 Posts
    • 1,047 Thanks
    Heng Leng
    You'll get whatever 'score' whoever buys you gives you.
    Why don't you transfer to NatWest if that is what you want?


    ok... i see... will your 'internal score' remain? because i have a contactless card with rbs which is offline and i wish to be able to still have this when the transfer happens. wish theyd just convert it all to natwest though!
    Originally posted by debtorwithaquestion
    • debtorwithaquestion
    • By debtorwithaquestion 16th Aug 16, 2:28 AM
    • 105 Posts
    • 27 Thanks
    debtorwithaquestion
    Have a select acct with RBS but NatWest won't give me an acct due to bankruptcy and I want the contactless card. Plus NatWest branches are cool.

    RBS say they can't transfer my acct to NatWest without opening a brand new account
    • Heng Leng
    • By Heng Leng 16th Aug 16, 2:21 PM
    • 3,501 Posts
    • 1,047 Thanks
    Heng Leng
    Unless you actually owe NatWest money - you could apply for a current account and if you get declined then appeal in writing saying that wish to change from RBS.

    You'll probably find the underwriter will open one for you.


    Have a select acct with RBS but NatWest won't give me an acct due to bankruptcy and I want the contactless card. Plus NatWest branches are cool.

    RBS say they can't transfer my acct to NatWest without opening a brand new account
    Originally posted by debtorwithaquestion
    • debtorwithaquestion
    • By debtorwithaquestion 16th Aug 16, 4:37 PM
    • 105 Posts
    • 27 Thanks
    debtorwithaquestion
    Good idea thanks- so apply online or in branch ?
    • Thrugelmir
    • By Thrugelmir 16th Aug 16, 5:17 PM
    • 51,285 Posts
    • 43,087 Thanks
    Thrugelmir

    RBS say they can't transfer my acct to NatWest without opening a brand new account
    Originally posted by debtorwithaquestion
    Different companies under the same umbrella.
    “A man is rich who lives upon what he has. A man is poor who lives upon what is coming. A prudent man lives within his income, and saves against ‘a rainy day’.”
    • debtorwithaquestion
    • By debtorwithaquestion 16th Aug 16, 6:14 PM
    • 105 Posts
    • 27 Thanks
    debtorwithaquestion
    NatWest say their policy is that until 6 years has passed and bankruptcy / DRO drops off credit files- they will only allow a foundation account.

    But RBS opened my select account before my DRO and haven't converted it. DRO has now finished and account still is select account.
    • the silence
    • By the silence 7th Oct 16, 7:52 PM
    • 5 Posts
    • 2 Thanks
    the silence
    What will happen to the NatWest Scotland branch accounts - will they be changed to RBS?

    What an absolute shambles the whole thing has been, it's been going on for years and still doesn't seem resolved.
    • boo_star
    • By boo_star 7th Oct 16, 9:13 PM
    • 1,112 Posts
    • 528 Thanks
    boo_star
    What will happen to the NatWest Scotland branch accounts - will they be changed to RBS?

    What an absolute shambles the whole thing has been, it's been going on for years and still doesn't seem resolved.
    Originally posted by the silence
    I was under the impression that the Scottish NatWest branches would suffer the same fate as the English RBS ones.

    As the English ones aren't being rebranded to NatWest, I assume the Scottish branches won't either.
    • chambta
    • By chambta 8th Oct 16, 4:02 PM
    • 2,724 Posts
    • 1,011 Thanks
    chambta
    The handful of Scottish NatWest branches are being lumped in with the English & Welsh RBS branches.
    • Paul_1977
    • By Paul_1977 9th Oct 16, 12:46 PM
    • 977 Posts
    • 303 Thanks
    Paul_1977
    I thought RBS England and Wales were becoming Natwest?

    So the Scottish RBS branches will become Natwest as well, the end of the RBS brand?
    • Marchitiello
    • By Marchitiello 9th Oct 16, 1:28 PM
    • 142 Posts
    • 45 Thanks
    Marchitiello
    The Scottish RBS branches will rebrand to "Royal Bank of Scotland" as the three letter acronym has been deemed to be to closely associated with the financial crisis...
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