Natwest

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RBS-owner NatWest Group has agreed to buy a significant portion of Sainsbury's banking business. The banking group will acquire approximately £2.5 billion of gross customer assets, comprising £1.4bn of unsecured personal loans and £1.1bn of credit cards balances, together with appr

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RBS-owner NatWest Group has bought back a further £1.24 billion worth of its own shares from HM Treasury. This works out to 392.4 million shares bought back from the government at 316.2p per share, and, combined with HMT’s ongoing trading plan, reduces government ownership in the bank to

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Public ownership in NatWest Group, owner of the Royal Bank of Scotland, has dipped below 27% for the first time since its bailout in 2008. The Treasury disclosed the sale of 0.98% of its shares, reducing its holding to 26.95%, as part of an ongoing trading plan.

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RBS-owner NatWest has been criticised for paying its new chief executive, Paul Thwaite, a salary of £1.2 million despite his "limited experience" as a lead executive. Advisory firm Institutional Shareholder Services (ISS) warned that Mr Thwaite's salary would be the same as that of his predece

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Royal Bank of Scotland, as part of NatWest Group, has unveiled a £5 billion lending package to bolster the social housing sector over the next three years. The ambition, spanning from January 2024 to the end of 2026, aims to support local housing authorities and associations in delivering and

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NatWest, operating as the Royal Bank of Scotland in Scotland, has confirmed the appointment of Paul Thwaite as permanent CEO as it reports its strongest financial results since the 2008 financial crisis. The bank exceeded expectations by posting a pre-tax profit of £6.2 billion for 2023, marki

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It has been revealed that the former CEO of RBS-owner NatWest Group, Dame Alison Rose will forfeit the majority of her £10 million potential payout following the scandal involving the closure of Nigel Farage's account at the bank's subsidiary, Coutts. Ms Rose, who resigned in July after b

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Royal Bank of Scotland-owner NatWest's share price took a sharp dive, marking their most significant drop since the Brexit referendum, following the bank's lowered profit forecast for the year. This decline was further compounded by the release of a highly scrutinised report by Travers Smith law fir

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NatWest Group has published the key findings and recommendations from Phase I of the Travers Smith independent review. The review was commissioned by the board in July and covers the decision to close the Coutts accounts of Nigel Farage (Review 1) and the circumstances surrounding a potential breach

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Dame Alison Rose, the former CEO of Natwest, is poised to receive a payout of around £2.4 million, just a month after her controversial resignation from the bank. The departure was precipitated by a contentious incident involving the closure of an account held by Nigel Farage at Coutts, a subs

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Following a tumultuous week that saw two of its chief executives resign, Natwest (NWG) has reported a strong interim performance for the first half of 2023, with total income rising from £6.22 billion to £7.73bn year-on-year, and net interest income increasing to £5.73bn from &pou

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Alison Rose, CEO of NatWest, has resigned following a row involving Nigel Farage, the former UK Independence Party leader and current GB News host. The row centred around the decision of Coutts, NatWest's private banking business, to close Mr Farage's account, allegedly due to his political vie

1-15 of 79 Articles
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