Natwest’s margins in focus as lender gears up for year of big changes February 12, 2024 Natwest looks to shrug off the turmoil of the recent debanking saga and prepares to sell its government-owned shares to the public.
Natwest to appoint Rick Haythornthwaite as new chair and he’ll take charge next April September 6, 2023 Natwest is preparing to appoint Rick Haythornwaite as successor to chair Howard Davies.
Natwest confirms Paul Thwaite as new boss with £1.2m annual salary February 16, 2024 Paul Thwaite has been confirmed by Natwest's board to be the new group CEO, as he is set to take home a £1.1m pay package
Ex-Bank of England economist claims he was ‘debanked’ like Nigel Farage May 9, 2024 Ex-Bank of England economist Andy Haldane has said he was refused a bank account because of his "political" connections, comparing himself to Nigel Farage, as MPs criticise lenders for "debanking" individuals due to reputational concerns.
Coutts under pressure for pulling £2bn out of London stock market May 2, 2024 Royal bank Coutts is facing criticism from City figures over plans to pull roughly £2bn of clients' funds out of London's stock market.
Natwest set to receive £47m after reducing stake in Irish bank Permanent TSB June 2, 2023 Natwest and the Irish finance ministry have sold nearly 55m shares in Permanent TSB, representing about 10 per cent of the Irish bank’s share capital. The sale reduces Natwest’s share holding from around 16.7 per cent to around 11.7 per cent. The Irish government will continue to hold 57.4 per cent of the bank. The [...]
Mark Kleinman: WeWork’s decline foretells trouble in the property market November 9, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Natwest share price slump casts doubt on privatisation plans November 5, 2023 Shares currently sit at £1.87, down from around £5 when the government acquired an 84 per cent stake in the bank during the financial crisis.
Natwest boss drops third of executive committee after government slashes stake March 27, 2024 New Natwest boss Paul Thwaite, who formally became chief of the bank in Febraury, has restructured the group's management team.
Government quietly lowers stake in Natwest as it crystallises loss for taxpayers January 3, 2024 The government has quietly sold nearly 1.03 per cent of its shares in Natwest as it continues to reduce its stake in the bank since bailing it out during the financial crisis.