News Column

Banking RBS poised to name head of retail operation

February 3, 2014

Royal Bank of Scotland is said to be preparing to name Les Matheson as the new boss of its high-street banking. The Financial Times reported that Matheson would take on the position, which involves overseeing the retail banking of RBS and NatWest. The role is being filled at a time when the bank's IT systems are facing scrutiny after problems for customers accessing their accounts and as a survey found that the value of the group's brands, RBS, NatWest, Citizens Bank , Charter One and Ulster Bank , has lost $1.2bn (pounds 729m). The survey by Brand Finance found that RBS was alone among UK banks in suffering a fall in its brand value with HSBC , Barclays , Standard Chartered and Lloyds all scoring higher. Jill Treanor

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Source: Guardian (UK)

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