Tag: NatWest

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NatWest reports 40% profit jump as bank refers customers to debt experts

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NatWest has reported a 40% jump in first-quarter profits but warned about the UK’s “uncertain” economy amid the cost of living crisis, saying it had referred more than 2,000 customers to debt experts at Citizens Advic...

NatWest faces rebellion over executive pay overhaul

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NatWest executives are bracing for a potential shareholder rebellion at their annual general meeting on Thursday over a new pay policy that could net its chief executive, Alison Rose, as much as £5.2m a year. The bank...

NatWest returns to majority private control as it buys back £1.2bn in shares

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NatWest Group has returned to majority private ownership after it agreed to buy back £1.2bn of shares from the UK government, more than 13 years after the company was bailed out by taxpayers at the height of the finan...

Retail sales rebound after Omicron disruption; NatWest returns to profit – business live

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Rolling coverage of the latest economic and financial news

NatWest increases bonus pool by 44% as bank returns to profit

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NatWest is giving its bankers bigger bonuses this year after the group, still majority-owned by taxpayers, bounced back to a £4bn profit in 2021 as the economy recovered from the coronavirus pandemic. The lender said ...

NatWest employee dismissed days after cancer surgery sues for £2m payout

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NatWest Group is facing a £2m-plus compensation claim after a London tribunal ruled it had discriminated against an employee and unfairly dismissed her two days after cancer surgery, her lawyer have said. Adeline Will...

Natwest fined £264m after taking deposits of laundered cash in bin bags

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NatWest has been fined more than £264m for anti-money-laundering failures that involved black bin liners stuffed full of cash being deposited, and sums so large that one branch’s two floor-to-ceiling safes proved “ina...

NatWest faces £340m fine after admitting ‘money-laundering’ failings

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NatWest faces a fine of up to £340m after admitting three counts of failing to properly monitor £365m deposited into the account of a Bradford jeweller. It is the first time a financial institution has faced criminal ...

NatWest gives RBS the full makeover including carpets, couches and cafes

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It was a lingering reminder of Royal Bank of Scotland’s former boss Fred Goodwin: the blue and yellow carpets that were allegedly handpicked by the disgraced banker, who was blamed for the bank’s near-collapse more th...

NatWest returns to profit, with Treasury in line for £190m payout

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NatWest Group has returned to profit and announced plans for a fresh round of dividends and share buybacks that will result in a payout of at least £190m for the Treasury. The majority taxpayer-owned lender – formerl...

NatWest profits rebound, as markets slide ahead of eurozone GDP figures – business live

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UK taxpayer-owned bank announces fresh round of dividends, as Asian and European stock markets retreat

London office life not likely to return to pre-Covid practices, NatWest chair says

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The chair of NatWest, one of Britain’s biggest banks, has said office life in London is unlikely ever to return to how things were before the coronavirus pandemic. Howard Davies said he expected lasting cultural chang...

NatWest preparing for just 13% of staff to work in office full-time

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NatWest Group is preparing for a future where just 13% of staff work from the office full-time, as it becomes the latest major business to plan new remote working rules beyond the pandemic. About 8,300 staff will be e...

Treasury to sell £1.1bn in NatWest shares, cutting taxpayer stake to 54.8%

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The government has launched the sale of a £1.1bn stake in NatWest to cut the British taxpayer’s holding in the bank, which was bailed out during the financial crisis more than a decade ago. In the second selldown this...

NatWest nearly doubles profits in first quarter

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NatWest Group nearly doubled profits in the first quarter, as it credited government support programmes for preventing a wave of customer defaults during the Covid crisis. The bank said there were now “reasons for opt...

Treasury sells £1.1bn of NatWest shares back to bank

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Taxpayers’ stake in NatWest has been reduced after the government sold £1.1bn of shares in the bank, which was bailed out during the financial crisis more than a decade ago. The government’s stake in NatWest, formerly...