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Bank of Scotland

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Bank of Scotland
A major commercial bank in Scotland. It was established in 1695 and was the first bank in Europe to issue bank notes. In 1959, it became the first British bank to install a computer to process accounts. In 2009, it was acquired by Lloyds. It maintains the right to issue pound sterling notes, though it issues the Scottish version.


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More than 600 Halifax Bank of Scotland and Royal Bank of Scotland staff in Scotland are set to lose their jobs due to the banking crisis.
The deputy leader claimed yesterday that bailing out the Royal Bank of Scotland would have wiped out most of Holyrood's pounds 30billion annual budget.
The previous heads of Royal Bank of Scotland and Halifax Bank of Scotland - both brought to their knees by the financial turmoil - were being questioned by the Treasury Select Committee as the row over bank bonuses continues to rage.
 
 
 
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