Royal Bank of Scotland, the part nationalised bank baled out by the government, plans to rebrand under the NatWest name later this year.

The Royal Bank of Scotland Group has appointed Alison Rose as executive director and chief executive officer.

Ross McEwan, 61, is to stand down as chief executive and executive director of Royal Bank of Scotland group after more than five years in the role.

The Financial Conduct Authority has imposed a fine of £250,000 on former Royal Bank of Scotland interest rate derivatives trader Neil Danziger and banned him from performing any regulated financial activity.