The Royal Bank of Scotland has around 700 branches, mainly in Scotland, though there are branches in many larger towns and cities throughout England and Wales.
Section 28 was eventually repealed in Scotland in 2000 by 99 votes to 17 in the Scottish Parliament, and was repealed in England and Wales in 2003.
commonly abbreviated as RBS, is one of the retail banking subsidiaries of The Royal Bank of Scotland Group plc, together with Nat West and Ulster Bank.
The Bank of Scotland was effective in raising funds for the Jacobite Rebellion The bank traces its origin to the Society of the Subscribed Equivalent Debt, which was set up by investors in the failed Company of Scotland to protect the compensation they received as part of the arrangements of the 1707 Acts of Union.
The "Equivalent Society" became the "Equivalent Company" in 1724, and the new company wished to move into banking.
The Royal Bank built up large holdings of the Bank of Scotland's notes, which it acquired in exchange for its own notes, then suddenly presented to the Bank of Scotland for payment.
To pay these notes, the Bank of Scotland was forced to call in its loans and, in March 1728, to suspend payments.By September 1728, the Bank of Scotland was able to start redeeming its notes again, with interest, and in March 1729, it resumed lending.To prevent similar attacks in the future, the Bank of Scotland put an "option clause" on its notes, giving it the right to make the notes interest-bearing while delaying payment for six months; the Royal Bank followed suit.It was designed for Sir Lawrence Dundas by Sir William Chambers as a Palladian mansion, completed in 1774.An axial banking hall (Telling Room) behind the building, designed by John Dick Peddie, was added in 1857; it features a domed roof, painted blue internally, with gold star-shaped coffers.Both banks eventually decided that the policy they had followed was mutually self-destructive and a truce was arranged, but it still took until 1751 before the two banks agreed to accept each other's notes.