Santander rejected £11bn Natwest bid for UK business May 9, 2025 Santander rebuffed an £11bn bid for its UK retail banking division from Natwest earlier this year because it was was too low. The two lenders are no longer in negotiations, according to people familliar with the matter cited by the Financial Times, despite consistent speculation about the fate of the Spanish financial juggernaut’s UK business. [...]
City bonuses beat Wall Street after cap scrapped April 22, 2025 UK financial services handed out the industry’s highest bonuses last year after taking advantage of the lifting of pay restrictions. Workers pocketed an average $149k (£114k) bonus in 2024, according to fresh data from jobs platform eFinancialCareers. This marked a 25.7 per cent jump from 2023 and sent the UK above North America, which rose [...]
Natwest boss says government could exit stake in first half of 2025 December 3, 2024 The chief executive of Natwest has said the bank could return to full private ownership in the first half of 2025, a move that would draw a line under the government’s bailouts of lenders during the financial crisis. Speaking at the Financial Times’ Global Banking Summit on Tuesday, Paul Thwaite said he was “delighted with [...]
Natwest boss open to acquisitions as he predicts more consolidation in UK banking June 6, 2024 The chief executive of Natwest has said the state-backed lender is open to acquisitions as he predicts more consolidation in the UK banking market over the coming years.
Paul Thwaite: Who is the veteran tasked with steadying Natwest after the Farage debanking scandal? February 16, 2024 Natwest has appointed Paul Thwaite as permanent chief executive after a tumultuous year. Who is the man tasked with steadying the ship?