Category: Natwest
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Taxpayers lose largest-shareholder status in Natwest as Blackrock overtakes government stake
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The government abandoned its position as the largest shareholder in Natwitist for the first time in more than 15 years, with its share sliding to 5.93 percent. This represents an important moment in the state’s decline in the bank’s rescue plan of 45.5 billion pounds – known as Royal Bank…
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Natwest buys back £1bn in shares from Treasury as government stake drops to 11%
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NatWest has bought £1bn of its own shares from the UK Treasury, reducing the government’s stake in the FTSE 100 lender to just over 11%. This buyback, the second of its kind in 2024, saw NatWest acquire 263 million shares at 380.8p per share, a move chief executive Paul Thwaite…
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Texas adds UK lender NatWest to energy ‘boycott’ list over financing restrictions By Reuters
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By Ross Kerber The Texas state comptroller said Wednesday that the state has added British bank NatWest to a list of companies that “boycott” energy companies, which could restrict the bank’s business with public entities. NatWest was added to the list because of its restrictions on energy financing, Texas Comptroller…
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NatWest Tells Customers to Visit Branches as Outage Hits Online Banking
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NatWest has issued an apology to customers following a service outage that made the app and online banking inaccessible. Customers began reporting issues early Tuesday morning, with many unable to log into their accounts via the smartphone app. When trying to open the app, users received an error message saying:…
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Natwest on track to exceed investment in women led businesses target: lending £1.5bn to date
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NatWest Group announced today that it has now lent more than £1.5 billion to women-led businesses since 2021, and is on track to exceed its target of lending £2 billion by the end of 2025. This is a faster pace than expected, and shows the desire of successful women-owned businesses…
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Government’s Natwest Sale Raises Concerns, FTSE 250 Chief Warns
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The government’s impending sale of its remaining stake in Natwest has raised concerns, with the head of the FTSE 250 wealth manager warning of potential risks associated with retail investors’ increased exposure to a single share. Stephen Levin, chief executive of London-listed fund manager Quilter, criticized the government’s strategy, describing…