Royal Bank of Scotland (RBS): Analysis of Problems and Solutions

This essay delves into the financial crisis experienced by the Royal Bank of Scotland (RBS), examining the factors that led to its near collapse in 2008, including issues related to online banking and risk management. It discusses the bank's reported loss of twenty four billion pounds, which significantly damaged its reputation and Scotland's image as a financial hub. The essay highlights the problems RBS faced, such as online banking outages that affected its customers, and proposes solutions focusing on enhanced risk management, improved client relationships, transactional convenience, and a commitment to providing suitable funding and finance experiences. Furthermore, it suggests that RBS should focus on product quality, international vision, local knowledge, and sustainable banking models to regain its position in the global market, supported by innovative technologies and skilled experts. Desklib provides a platform for students to access similar solved assignments and study resources.

Running Head: BLOG 0
RBS: INSIDE THE BANK THAT RAN OUT OF MONEY
OCTOBER 17, 2018
student details:

BLOG 1
What is RBS: Inside the bank that ran out of money-
The RBS Group is a big international banking company, which provide financial
services. Its brands operate around the sphere to render banking and financial service for
personages, business, and organizations. RBS is functioning to make the RBS most esteemed,
valued and constant universal bank of the world. The Royal Bank of Scotland (RBS) was
one time a popular Scottish organization, the bank with the image for carefulness. Later, in
October 2008, less than the time after Fred Goodwin took over as CEO, it came within the
periods of failing. After some times, The Royal Bank of Scotland reported the huge loss in
United Kingdom trading history. It had loss of twenty four billion pounds that damaged the
image of RBS for financial practicality and the image of Scotland as the financial hub at
international level. Using last undiscovered recording of the senior executives of the RBS and
conferences with personnel of RBS, this biography states the exciting story of a countrywide
disaster (McCormick, 2015).
Problems facing by Royal Bank of Scotland (RBS)-
The Royal Bank of Scotland (RBS) is facing various problems or issues including
online banking issues. In the month of September 2018, the Royal Bank of Scotland (RBS)
became the newest moneylender of United Kingdom to face difficulties related to
technologies, saying it was functioning to solve the problems with the online banking
services and mobile banking services (Fitzgerald, 2016).
The outage also influenced most highly rated brand namely NatWest of among
clients. The moneylender used social media such as Twitter to make an apology to clients and
said phone banking and automated teller machines (ATMs) were functioning as usual.

BLOG 2
Various clients came to social media to make complaint about the outage. The customers of
Royal Bank of Scotland including highly rated brand such as NatWest are asking for the
recommendations for new trustworthy banks or financial institutions (Bell & Hindmoor,
2018).
However, these days Royal Bank of Scotland (RBS) is a fourth firm related to
commercial services firm to face the outage, with the Co-operative Bank, Barclays, and
fintech Cash plus all asking for forgiveness to the clients for disturbances to the financial
services. As large financial institutions close their branches and customers progressively
depend on on digital amenities to make the management of their finance, the concerns of
practical problems have become more severe.
Solution of problems faced by Royal Bank of Scotland (RBS)-
In international banking, Royal Bank of Scotland has top position across the debt
funding, services related to dealing with clients and the risk management. In present time,
Royal Bank of Scotland is facing various issues. The main solution of this problem is to make
more focus on risk management services and fixed income (Gordon & Gandia, 2014). The
transaction banking is also a relevant solution to solve the issues and enable the clients. The
better client relationship is the good option to resolve the issues. The Royal Bank of Scotland
(RBS) should provide transactional convenience to avoid the unnecessary difficulties. The
Royal Bank of Scotland should make best possible efforts to provide suitable and good
funding and finance experience (Murray, 2018).
Opinion to solve the issues faced by Royal Bank of Scotland (RBS)-

BLOG 3
After seeing this event of Royal Bank of Scotland (RBS), it is recommended that to
make its position again in international banking and market, Royal Bank of Scotland should
focus on the quality in product implementation supported by the international vision and
understanding. RBS should develop the local information, and the practical and sustainable
banking model to eliminating the market drawbacks and drawbacks related to administration.
The Royal Bank of Scotland is required to more and effective support the multinational
customer base by providing the solutions, which influence the international networking,
worldwide product expertise, and the art technologies. It is also required to assisting the
customers to understand and solve the complicated problems with knowledgeable and
talented people or experts (Maclean, 2016).The bank should adopt more innovative and new
techniques and technical concentrated characteristics. The wealth managers should listen to
the customers understand the personal circumstances and needs and help the clients to
achieve the aims or targets, by the suite of banking, asset, credit, and improved
recommendation service like wealth planning service and services related to real estate
offered by the non-banking arm - RBS financial services. The Retail Banking business should
continually propose facilities and products, which make the banking simple, suitable and
easy.

BLOG 4
References
Bell, S., & Hindmoor, A. (2018). Are the major global banks now safer? Structural
continuities and change in banking and finance since the 2008 crisis. Review of
International Political Economy, 25(1), 1-27.
Fitzgerald, M. (2016). Better data brings a renewal at the bank of England. MIT Sloan
Management Review, 57(4).
Gordon, J. N., & Gandia, C. M. (2014). Money Market Funds Run Risk: Will Floating Net
Asset Value Fix the Problem. Colum. Bus. L. Rev., 56(8), 313.
Maclean, K. (2016). Gender, risk and the Wall Street alpha male. Journal of Gender
Studies, 25(4), 427-444.
McCormick, R. (2015). The Conduct Crisis: Will Banks Ever Get It Right. Bus. L. Int'l, 16,
105.
Murray, K. (2018). The cost of not wanting to know–the professions, money laundering and
organised crime. Journal of Financial Crime, 25(1), 218-229.