NatWest shares dive six per cent as £1.3bn profits fail expectations and fear grows of banking ‘slump’ February 17, 2023 NatWest became the second FTSE 100 bank to take a beating as its forward guidance disappointed investors and analysts alike. NatWest’s share price was trading more than six per cent lower this afternoon, despite delivering its biggest profits since the financial crisis in 2022, as it forecast a difficult 2023. “The outlook for this year [...]
Quotes of 2023: ‘I didn’t steal funds, and I certainly didn’t stash billions away’ December 30, 2023 City A.M. takes a look back at the year highlighting some of the most memorable quotes in the world of business and politics.
RBS boss Alison Rose mulling thousands of Natwest job cuts January 26, 2020 Royal Bank of Scotland (RBS) is reportedly considering axing thousands of jobs at Natwest as part of a series of cost-cutting measures. Under Alison Rose, who in November became the first woman to run RBS, executives are working on the so-called Project Tusk to slash costs at the state-owned lender. One of the measures being [...]
NatWest quarter profits almost triple to £1.3bn as higher interest rates offset bad loan provision February 17, 2023 NatWest recorded bumper profits in the final quarter of last year as the boost from higher interest rates outweighed funds set aside to cope with bad loans. Profits at the bank increased to £1.3bn in the final quarter, in line with market expectations and doubling compared to last year. This brought yearly profits to £3.6bn, [...]
Fintechs are being forced to play second fiddle by banks’ anti-competitive practices September 14, 2023 If ministers can intervene over Nigel Farage’s bank account, they can force banks to give up their iron grip on the credit system
After the debanking scandal, Britain needs to give up its stake in Natwest November 27, 2023 Selling its remaining holdings in Natwest is obviously the right thing for the government to do: the state has no business owning a financial services conglomerate.
Lloyds, HSBC, Barclays and Natwest post record £44bn profits from global interest rate hikes February 22, 2024 The UK's biggest banks notched their highest combined annual profits ever last year as interest rate hikes around the world gave lenders gaping margins.
Founders Spotlight: Amber Ghaddar and the 200Bn Club February 19, 2024 Each month, Blockbeat will conduct an exclusive interview with a visionary founder within the world of blockchain technology, showcasing their impactful contributions to the field.
Banking stocks are back: Natwest leads FTSE 100 in 2024 as lenders beat expectations May 2, 2024 Just three months after Bank of England governor Andrew Bailey called their weak share prices a “puzzle”, the UK's biggest banks have buoyed investors with impressive returns.
Let’s be honest, banks like Coutts should be able to choose their customers July 27, 2023 Natwest’s handling of the Farage affair has been an unmitigated public relations disaster. They have turned a much-disliked public figure into a sympathetic victim of procedural mistreatment.