RBS to dump historic corporate name

A decade after the United Kingdom intervened to bail out Royal Bank of Scotland, the bank is abandoning its corporate identity that dates back nearly three centuries, adopting the NatWest name of a company it acquired in 2000. The U.K. government maintains a controlling stake in RBS, which at its peak was a major Connecticut employer with large investment banking and trading operations in Stamford, and back-office credit account functions in Bridgeport. The company disclosed plans this week to cut its investment banking operations in half under new CEO Alison Rose.