Background of The Royal Bank of Scotland
The Royal Bank of Scotland (RBS) was founded in 1727. It was one of the retail banking subsidiaries of The Royal Bank of Scotland Group (RBS Group) and also the second bank operated in Scotland beside the Bank of Scotland, which was founded in 1695. The growing of Royal Bank of Scotland was significantly good especially between 18th to 19th century. RBS mainly operated as a retail banking that provides banking services for personal, business as well as corporate customers. Together will National Westminster Bank (NatWest), which was acquired by RBS in 2000, are the two main retail bank for RBS Group. Before The Royal Bank of Scotland has formed
The forming of The Royal Bank of Scotland has gone through …show more content…
This is because cotton has very high market value on that time. Eventually, they started another new business which involved in trading of cottons.
Unfortunately, Henry Lehman died at young age, 33 years old, in 1855. However, the firm did not disappeared because of his death. Two of his brothers replaced his position has headed the firms for the next four decades. They set up a policy, that was only their family members can be the partners of Lehman Brothers. This policy was up until 1920s.
As the two brothers continued to rule the firm, the company has changed its business from general groceries shop into a commodities broker that heavily involved in buy and sell of cotton. Soon, they dominated the market of cottons in Southern United States. Lehman Brothers also be known as the "King Cotton" on that time. To further expand their business, the first branch of Lehman Brothers was opened in New York City in 1858. This enable Lehman Brothers to become more recognize and let them trade in a more larger market. It also provided the first step for the firm enter the financial
The Royal Bank of Scotland (RBS) was founded in 1727. It was one of the retail banking subsidiaries of The Royal Bank of Scotland Group (RBS Group) and also the second bank operated in Scotland beside the Bank of Scotland, which was founded in 1695. The growing of Royal Bank of Scotland was significantly good especially between 18th to 19th century. RBS mainly operated as a retail banking that provides banking services for personal, business as well as corporate customers. Together will National Westminster Bank (NatWest), which was acquired by RBS in 2000, are the two main retail bank for RBS Group. Before The Royal Bank of Scotland has formed
The forming of The Royal Bank of Scotland has gone through …show more content…
This is because cotton has very high market value on that time. Eventually, they started another new business which involved in trading of cottons.
Unfortunately, Henry Lehman died at young age, 33 years old, in 1855. However, the firm did not disappeared because of his death. Two of his brothers replaced his position has headed the firms for the next four decades. They set up a policy, that was only their family members can be the partners of Lehman Brothers. This policy was up until 1920s.
As the two brothers continued to rule the firm, the company has changed its business from general groceries shop into a commodities broker that heavily involved in buy and sell of cotton. Soon, they dominated the market of cottons in Southern United States. Lehman Brothers also be known as the "King Cotton" on that time. To further expand their business, the first branch of Lehman Brothers was opened in New York City in 1858. This enable Lehman Brothers to become more recognize and let them trade in a more larger market. It also provided the first step for the firm enter the financial