RBS-owner NatWest Group has appointed Lena Wilson as its new senior independent director, succeeding Mark Seligman who will retire on March 31 2025. Ms Wilson, who also chairs the bank's performance & remuneration committee, previously served as chief executive of Scottish Enterprise.
Natwest
Aberdeen-headquartered clean energy group D2Zero has secured a new £150 million lending facility from a group of banks. OakNorth, HSBC, NatWest and Virgin Money are among the lenders, as well as existing backer SCF Partners.
NatWest has banned employees from using WhatsApp and other messaging apps like Skype and Facebook Messenger on work devices.
RBS-owner NatWest Group has repurchased £1 billion worth of its shares from the UK government, further reducing the Treasury's stake in the bank from 14.2% to 11.4%. This marks a significant reduction in the Treasury's holding, which stood at approximately 38% in December 2023. The government
NatWest Group has posted a 26% jump in third-quarter profits to £1.7bn, exceeding expectations and raising its income forecast for the year. This strong performance comes despite a challenging UK economic outlook and follows a trend of positive results from other major UK banks.
Business activity among UK SMEs in the construction sector has expanded in the third quarter of the year with the NatWest SME Business Activity Index recording 55.1 in September.
The UK government's stake in RBS-owner NatWest Group has been further reduced from 18.99% to 17.97%. The Treasury's sale of the shares comes after the new Labour government decided it will no longer go forward with plans for a public offering of the government's remaining stake to retail investors.
The new UK government has cancelled a planned retail share sale of its remaining stake in Royal Bank of Scotland-owner NatWest.
NatWest Group's shares surged to 7.5% in Friday's morning trading after the bank reported positive first-half results, raised its annual outlook, and announced a £2.5 billion mortgage portfolio acquisition from Metro Bank. Despite a 7.7% drop in total income to £7.13 billion, NatWest's p
The UK government's shareholding in RBS-owner NatWest Group has dropped below 20% for the first time since its bailout in 2008.
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
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
Government plans to launch an offering of NatWest shares to the general public have been derailed by the imminent general election.
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.
NatWest has recently made waves by facilitating its first "mass market" commercial loan backed by intellectual property (IP).