NatWest Group
British banking and insurance holding company
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01.07.2024Labour Party wins the general election
01.07.2024Labour Party wins the general election
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business 2025-06-24 17:30
Saga partners with NatWest to launch banking products for older adults - Saga is in final talks with NatWest to offer personal banking products.
- Their first product will be a savings offering specifically for the over-50s demographic.
- This partnership aims to combine banking capabilities with customer insights to enhance growth.
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business 2025-05-30 18:45
Government sells final NatWest shares after 17 years of bailout - The UK government sold its last shares in NatWest, finalizing the bank's return to private ownership.
- Taxpayers incurred a loss of £10.5 billion from the bank's bailout and share sales since 2008.
- The sale is considered a significant milestone for the country’s banking industry and reflects on lessons learned from the financial crisis.
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business 2025-05-02 00:00
NatWest posts impressive profit growth amid return to private ownership - NatWest recorded a 36% increase in profit in Q1 2025, reaching 1.8 billion pounds.
- The bank prepares for a full return to private ownership after reducing the government's stake.
- This financial success reflects NatWest's strategic shift towards domestic growth and resilience against global trade risks.
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politics 2025-03-27 19:08
Nigel Farage resolves debanking dispute with NatWest - Nigel Farage's accounts with NatWest's Coutts subsidiary were closed, sparking a dispute over the reasons behind the decision.
- Following mediation, an agreement was reached, resulting in an apology from NatWest to Farage.
- The settlement reflects significant changes in leadership and reputation for NatWest, while boosting Farage's political influence.
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business 2025-03-25 12:21
UK government sells off nearly all of its stake in NatWest - The UK Government's ownership in NatWest has decreased to below 4%, indicating a shift towards privatization.
- BlackRock has become the largest shareholder in NatWest, indicating a change in corporate structure.
- The bank aims to fully return to private ownership, benefiting shareholders and solidifying its market position.
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politics 2025-02-14 12:31
Nigel Farage considers criminal action against NatWest over debanking scandal - Nigel Farage is considering a private criminal prosecution against NatWest Group related to his debanking in 2023.
- This move follows the resignation of Dame Alison Rose and evidence suggesting political motivations behind the bank's actions.
- The situation reflects ongoing tensions between public figures and banking institutions, raising questions about accountability and fairness in financial practices.
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business 2025-02-14 11:32
NatWest posts strong profits as government stake falls below 7% - NatWest reported a pre-tax profit of £6.2 billion for the year 2024, which was better than analysts' expectations.
- The government reduced its stake in NatWest to below 7% as the bank positions itself for re-privatisation.
- The rise in profits coincides with a strategic push to improve operations and growth opportunities in a changing economic environment.
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business 2025-01-04 18:00
Can Paul Thwaite save NatWest by abandoning retail banking? - In January 2009, Royal Bank of Scotland underwent a substantial taxpayer bailout during a banking system crisis.
- Stephen Hester aimed for complete privatization of the bank's ownership within five years.
- After years of restructuring, RBS has finally emerged free of government controls, looking to grow in mortgages and wealth management.
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business 2024-12-16 12:22
David Lindberg resigns as CEO of NatWest retail banking ahead of major changes - David Lindberg will leave his position in the first quarter of 2025.
- He was considered for the group CEO role but lost to Paul Thwaite.
- NatWest is preparing for a return to full private ownership.
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business 2024-12-14 09:37
NatWest CEO set to pocket £6.5m as bank returns to private ownership - NatWest CEO Paul Thwaite is set to have his maximum annual bonus increased as part of a new remuneration policy.
- Shareholder approval is required for the proposed changes, which will be voted on at the annual general meeting in spring 2025.
- The proposed changes reflect NatWest's return to full private ownership and aim to align executive pay more closely with performance.
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business 2024-12-05 00:01
NatWest shines while UK shares remain unloved - NatWest shares have jumped by 88 percent year to date, marking a significant recovery.
- Total shareholder return has reached 96 percent, outperforming the FTSE 100 index.
- The bank's remarkable performance signifies a turnaround from its historical challenges.
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politics 2024-12-04 00:01
NatWest poised for full private ownership by mid-2025 - The UK government is nearing a complete exit from its stake in NatWest, reducing ownership from 54.7% to less than 11%.
- CEO Paul Thwaite indicates that the bank could achieve full private ownership by mid-2025.
- The transition will mark an important milestone for NatWest and the UK banking sector after years under government ownership.
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business 2024-11-26 08:54
NatWest shortens mortgage locking period to four months - From December 1, NatWest will reduce the mortgage securing time from six months to four months.
- This change aligns with trends set by other lenders such as Barclays, which has reduced its securing time to three months.
- Homeowners should begin comparing mortgage rates early to secure better deals before fixed-rate deals expire.
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category, sub-category 2024-09-16 23:01
Alison Rose joins Mishcon de Reya after NatWest exit - Dame Alison Rose has joined Mishcon de Reya to advise on diversity and inclusion after leaving NatWest.
- Her departure from NatWest was linked to the controversy surrounding the closure of Nigel Farage's bank account.
- Rose's appointment is part of a broader trend in the legal and financial sectors to enhance diversity and inclusion efforts.
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society, business, technology 2024-09-02 11:40
Lloyds Bank faces app outage amid technical issues - Customers of Lloyds Bank faced difficulties accessing the online app due to technical issues on Monday morning.
- Users of Virgin Money, Nationwide, and NatWest also reported similar problems with their internet banking platforms.
- Lloyds Bank acknowledged the issue and is working to resolve it, advising users to try workarounds in the meantime.
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society 2024-08-23 22:27
NatWest Shuts Down Holocaust Charity Accounts - NatWest closes accounts of one of Britain's biggest Holocaust memorial charities.
- No explanation provided for the sudden account shutdown.
- Community outraged by NatWest's actions towards the charity.
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business 2024-08-21 12:07
NatWest Lowers Remortgage Rates but Raises Rates for New Buyers - NatWest has reduced remortgage rates for homeowners.
- The bank has also increased interest rates for new buyers.
- The mortgage rate adjustments align with recent changes in the market.
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business, society 2024-08-20 22:05
Rise of 'Working from Holiday' Among High Earners - Two in five UK workers check their emails while on holiday.
- Workers on higher salaries work up to three days during a week-long holiday.
- Almost half of Britons do not fully utilize their holiday allowance.
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business, politics 2024-08-15 00:00
Texas Adds NatWest to List of Banks Boycotting Fossil Fuels - Texas includes NatWest in their list of companies boycotting fossil fuel firms.
- NatWest is the latest bank to be targeted by Texas officials for their policies against the oil and gas sector.
- This move highlights the ongoing tensions between financial institutions and the fossil fuel industry.
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business, politics 2024-07-30 05:59
NatWest Welcomes Government's Commitment to Full Privatization - Chancellor Rachel Reeves criticizes the previous government's approach to selling shares in NatWest, labeling it a poor use of taxpayer resources.
- Despite the cancellation of the share sale plans, the current administration remains committed to fully privatizing the bank by 2025-26.
- This decision reflects a significant shift in fiscal policy regarding public assets.
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business 2024-07-26 10:04
NatWest Reports Stronger-Than-Expected Results Amid Competitive Market - NatWest has announced further expansion as the economic climate improves.
- The bank is optimistic about its return to full private ownership.
- Sky's Ian King highlights these developments as positive news for the institution.
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business 2024-07-26 00:00
NatWest's Future Share Sale Plans Uncertain Amid Political Changes - NatWest recently announced a loss of £24 million from a planned advertising campaign featuring Sir Trevor McDonald.
- The campaign's rollout was abruptly halted due to an early election.
- This cancellation has left the bank with significant costs and raises questions about its future marketing strategies.
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business 2024-07-26 00:00
NatWest Reports Decline in First-Half Profit Amid Competitive Mortgage Market - NatWest reported a 16% decline in its pretax operating profit for the first half of the year, amounting to £3 billion.
- In response to this financial downturn, NatWest has announced plans to purchase Metro Bank's mortgage portfolio.
- This strategic move signifies NatWest's effort to strengthen its position in the UK mortgage market despite its recent profit challenges.
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