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.
Top business disasters of 2023: City A.M. reflects on the biggest corporate mishaps of the year December 30, 2023 Here at City A.M., we’re taking some time to reflect on some of the biggest c*ck-ups in business in the last 12 months.
Which banks were the winners and losers of 2023? December 29, 2023 After a year of big headlines, which UK banks pressed ahead and which fell behind in 2023?
Natwest says no evidence of discrimination in Coutts bank account closures December 15, 2023 Natwest, which owns Coutts, said lawyers at Travers Smith analysed 84 account closures in the two years to July 28, about a 10 per cent sample of all the relevant cases in that time.
Farage debanking row: Law changed so politicians are seen as lower risk December 15, 2023 It comes after Nigel Farage revealed that Coutts, owned by NatWest Group, had moved to close down his bank account, prompting a row over the current UK banking rules.
Banks to face ‘very serious consequences’ if they lie on ‘debanking’, FCA chief warns December 12, 2023 Banks will face "very serious consequences" if they are found to have lied about cases of so-called "debanking", the City watchdog’s chief warned today, as the fallout from a row between Nigel Farage and Natwest earlier this year continues.
‘London is thriving’ — business activity jumps in the capital despite inflationary pressures December 11, 2023 London saw the highest rate of business activity in November despite bearing the brunt of inflationary pressures.
Will the Natwest share sale plan really ‘get Sid investing again’? November 24, 2023 Natwest shares have sunk more than 24 per cent so far this year, with the bank’s stock cratering in its biggest one-day drop since Brexit after it reported weak third-quarter results at the end of October.
Natwest: Hunt plots ‘tell Sid’ sale of remaining government stake November 22, 2023 Hunt has revealed the government will look to offload its remaining stake in Natwest to retail investors over the next year as part of a bid to boost participation in public markets.
Former Natwest fraud chief left after moonlighting for law firm that brings scam victim claims November 21, 2023 Natwest’s former head of fraud prevention quietly left his role earlier this year after the group found out he was moonlighting at a law firm specialising in bringing scam victim claims against banks.