the Royal Bank of Scotland
/ðə ˌrɔɪəl bæŋk əv ˈskɒtlənd/
/ðə ˌrɔɪəl bæŋk əv ˈskɑːtlənd/
(abbreviation RBS)
- the largest Scottish bank, established in 1727. It is part of the Royal Bank of Scotland Group, which also owns NatWest and Ulster Bank. After the financial crisis of 2008 the Group received support from the British government, which bought a large part of the company's shares.