Westminster Bank of Westminster Bank, became first chairman of the fifth largest bank in the world. In 1969 David Robarts, former chairman of National Provincial, assumed Stirling's position. The statutory process of integration was completed in 1969 and the new company, National Westminster Bank Limited, opened its doors for business on 1 January 1970. NatWest, as it became known, is now part of The Royal Bank of Scotland Group. Westminster Bank Westminster Bank was a British retail bank which operated in England and Wales from 1834 until its merger into the National Westminster Bank in 1970; it continued to exist as a
Yorkshire Bank payments for a period of time. National Australia Bank confirmed in October 2014 that it planned to exit the United Kingdom, and was considering a number of options for Yorkshire and Clydesdale Banks, including a possible stock market listing. In October 2015, NAB announced that it will float Clydesdale Bank, including Yorkshire Bank, on the London Stock Exchange in February 2016 through an initial public offering, with an aim of raising £2 billion. Clydesdale Bank's newly formed holding company CYBG plc began conditional trading on the LSE and the Australian Securities Exchange on 3 February 2016, and began trading unconditionally