Royal Bank of Scotland tumbles in London as target cut overshadows a rebrand

Royal Bank of Scotland Group tossed the kitchen sink at investors on Friday, but markets only had eyes for weakness in results from the mostly government-owned bank. In an otherwise lackluster session of trading in London, shares of the bank RBS, +0.51% RBS, -8.92% slumped more than 6% amid a barrage of news that included a rebranding effort and a green-friendly investment move. “Not even the combination of a name change to NatWest...