Royal Bank of Scotland Group (RBS) customers could see the name of their bank change, when the lender restructures to comply with UK ring-fencing regulations.
RBS today set out its plans for the reshuffle - here's what the group is moving, and what the new entities will be called.
RBS becomes Adam & Company... but not for long
Personal, private, business and commercial customers of The Royal Bank of Scotland plc, known as RBS plc, will be transferred to Adam & Company, which is currently RBS' Scottish private bank, at some point in 2018.
Once this transfer takes place, Adam & Company will be renamed The Royal Bank of Scotland plc. Confused yet?
RBS will be renamed NatWest Markets
While the Adam & Company high jinks are taking place, what's left of RBS plc - the investment bank - NatWest Markets Plc.
The renamed entity NatWest Markets will be the non-ring-fenced bank and direct subsidiary of RBS Group, the bank said today.
A new company called NatWest Holdings will be formed
At the beginning of 2017, RBS is introducing an intermediate holding company for its ring-fenced banks. NatWest Holdings will own NatWest, Adam & Company and Ulster Bank Ireland. Coutts and Co will also be contained within the ring-fence.