Bloomberg News

RBS Chairman Says Bank Has Changed Its Way Since ABN Takeover

December 12, 2011

Dec. 12 (Bloomberg) -- Royal Bank of Scotland Group Plc Chairman Philip Hampton welcomed the Financial Services Authority’s report into the near-collapse of the lender, saying the lender has since changed the way it does business.

“Our new leadership has made significant progress in making the bank safer and more focused on the needs of its customers,” Hampton said in a statement. “RBS is carrying out an enormous restructuring and we are ahead of our targets. We are changing the business we do and the way we do it.”

To contact the reporter on this story: Gavin Finch in London at

To contact the editor responsible for this story: Edward Evans at

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