RBS plans to resurrect Williams & Glyn’s brand

A Royal Bank of Scotland owned brand last seen on the high street 24 years ago could be resurrected as the bank comes under pressure to reduce some of its market share

Williams & Glyn’s, which had about 330 branches mainly in North West England, could be sold in response to a European Commission investigation into state aid, according to a report in The Sunday Times.

The brand disappeared from the high street 24 years ago but still exists as an individual legal entity that files accounts.

RBS is believed to be considering moving some of its branches and accounts under the Williams & Glyn’s name ahead of a sale.

The EC is believed to be keen on forcing RBS, which is 70% owned by the taxpayer, and Lloyds, 30% owned, to sell some of their businesses after receiving state aid last year. European chiefs have also proposed Lloyds gives up Halifax.

Lloyds Banking Group recently reversed its plan to close 164 Cheltenham & Gloucester branches so it can sell them instead.   

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3703 or email customerservices@marketingweek.com

If you are looking for our Jobs site, please click here