'Now feels the right time to rename our group to NatWest Group. It aligns to the majority of our customers who know us as NatWest,' Royal Bank of Scotland’s new Chief Executive Alison Rose said
The bank will stop financing coal power stations by 2030 and is aiming to make its own operations carbon positive by 2025.
The lender reported pre-tax profits of 4.2 billion pounds for 2019, 24% higher than 2018 and above analyst expectations. However this will still likely result in further significant job cuts, after the group cut staff numbers by 3,000 in 2019.
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