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
Royal British Bank gave rise to new legislation tightening banking regulation, including the publication of balance sheets and the auditing of accounts. Royal British Bank The Royal British Bank was a British joint-stock bank, established under a Royal Charter in 1849, that collapsed in 1856, causing a scandal. The circumstances were described by "The Economist" as "an extraordinary example of the little trouble the public take to think for themselves". The eight surviving directors—among them Henry Dunning Macleod—were put on trial in February 1858 (the bank's founder, John MacGregor, Member of Parliament for Glasgow, had died in 1857). They were tried for conspiracy