NatWest
British retail and commercial bank
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National Westminster Bank, trading as NatWest, is a major retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank. In 2000, it became part of The Royal Bank of Scotland Group, which was re-named NatWest Group in 2020. Following ringfencing of the group's core domestic business, the bank became a direct subsidiary of NatWest Holdings; NatWest Markets comprises the non-ringfenced investment banking arm. The British government currently owns 35% of NatWest Group after spending £45 billion bailing out the lender in 2008; the proportion at one point was 54.7%. NatWest International is a trading name of RBS International, which also sits outside the ringfence.
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NatWest becomes latest UK bank to report sharp drop in profitsNatWest Group has become the latest UK banking giant to report a sharp drop in earnings for the first three months of the year.Sky News - Published | |
Taxpayer no longer has controlling stake in NatWestThe British government is no longer the controlling shareholder in NatWest bank, reducing its stake in the lender to below 30%.Sky News - Published | |
Farage debanking row fails to dampen best NatWest profits since crashLast year was a tumultuous one for NatWest Group.Sky News - Published | |
NatWest board prepares to appoint interim boss Thwaite as Rose successorThe board of NatWest Group is preparing to name Paul Thwaite as its next permanent chief executive as the government readies a mass-market share offering that will slash the taxpayer’s stake in the..Sky News - Published | |
NatWest boss criticised for claiming it is not 'that difficult' to get on property ladderThe chairman of NatWest bank has come under fire after he claimed it is not "that difficult" for people to get on the property ladder in the UK.Sky News - Published | |
Farage debanking row: NatWest review finds no evidence of widespread political discriminationNatWest says an external review has found no evidence of political or other such discrimination in the closure of customer accounts at its Coutts arm, amid the Nigel Farage debanking row.Sky News - Published | |
Full list of NatWest and RBS branches closing - and when they will shutNatWest Group is closing another 19 branches across England, Wales and Scotland.Sky News - Published | |
Farage to seek millions in damages from NatWest and former CEO RoseNigel Farage will next week begin a formal legal fight with NatWest Group and its former boss as he seeks millions of pounds in damages over the debanking scandal which escalated into a crisis for the..Sky News - Published | |
Former NatWest boss Dame Alison Rose loses ££7.6m over Farage debanking rowFormer NatWest boss Dame Alison Rose is to lose £7.6m of her payout as the bank group seeks to draw a line under the debanking row sparked by the closure of Nigel Farage's Coutts accounts.Sky News - Published | |
NatWest poised to cancel bulk of Rose's potential £10m payoffNatWest Group is to scrap the bulk of a possible £10m-plus payout to Dame Alison Rose, its former chief executive, as it tries to draw a line under the debanking row sparked by the closure of Nigel..Sky News - Published | |
Watchdog apologises to ex-NatWest boss for suggesting she breached data rules over Farage bank detailsThe UK information regulator has apologised to the former NatWest chief executive Dame Alison Rose, who resigned after discussing the banking affairs of Nigel Farage with a journalist.Sky News - Published | |
Former NatWest boss breached data laws in sharing Farage bank details, watchdog findsThe former NatWest chief executive breached data rules when sharing details about Nigel Farage's banking, the information watchdog has ruled.Sky News - Published | |
Farage banks on Lloyds in wake of NatWest account closure rowNigel Farage, the former UKIP leader, is to start banking with Britain's biggest high street lender, months after a row over the closure of his previous accounts resulted in the ousting of one of the..Sky News - Published | City grandee lined up to replace Davies as NatWest chairmanRick Haythornthwaite, the City grandee who has chaired companies including Centrica and Network Rail, is being lined up as the new chairman of NatWest Group in the wake of the row about the de-banking..Sky News - Published |
Ex-NatWest boss who resigned over Farage bank row to get £2.4mNatWest has said former boss Dame Alison Rose, who quit last month over her handling of Nigel Farage's bank account closure, will receive a pay package worth more than £2.4m.Sky News - Published | NatWest profits surge as bank reels from Farage debacleNatWest has reported a better-than-expected surge in half-year profits as the taxpayer-backed lender reels from the Nigel Farage de-banking debacle.Sky News - Published |
NatWest boss steps down with immediate effect over Nigel Farage bank account leakNatWest boss Dame Alison Rose has stepped down as chief executive effective immediately after she admitted to being the source of an inaccurate story about Nigel Farage's bank account.Sky News - Published | Chancellor questions conduct of NatWest chief executiveNatWest chief executive Dame Alison Rose is under acute pressure after Downing Street and the chancellor of the exchequer questioned her conduct in discussing Nigel Farage’s banking arrangements with..Sky News - Published |
NatWest chief expected to quit after emergency board meetingThe board of NatWest Group was holding emergency talks on Tuesday night as the nearly four-year tenure of chief executive Dame Alison Rose looked set to end in ignominy over her admission that she had..Sky News - Published | NatWest boss 'made serious error of judgement' in discussing Farage bank accounts with BBC reporterNatWest boss Alison Rose has admitted she made a "serious error of judgement" when she discussed Nigel Farage's Coutts bank accounts with the BBC business editor Simon Jack.Sky News - Published |
Farage calls position of NatWest boss 'totally untenable' over bank accounts leakNigel Farage has called the position of NatWest's chief executive "totally untenable" after she admitted to being the source of an inaccurate story about the closure of his bank account.Sky News - Published | Farage accuses NatWest of giving data to BBC in official complaintNigel Farage has formally accused the NatWest Group of passing his personal and financial data to the BBC.Sky News - Published |
Farage calls bank's apology 'a start' but 'no way near enough' after account rowNigel Farage has called on MPs to hold an inquiry into NatWest after one of the group's banks, Coutts, closed his account.Sky News - Published | Government sells £1.2bn of NatWest shares The government has sold £1.2bn of NatWest shares, reducing its ownership of the bailed out bank by nearly 3%.Sky News - Published |
NatWest reveals profits surged by more than a third to £5.1bn last year Profits at 45% state-owned bank NatWest have risen to their highest since the global financial crash.Sky News - Published | NatWest provides debt extension for those struggling with repayments of overdrafts and some loans Struggling NatWest borrowers have been given an extra six months to pay back unsecured loans and overdrafts.Sky News - Published |
Government ends 14 years of majority ownership over NatWest NatWest has returned to majority private ownership, more than 14 years after it received a massive bailout by taxpayers following the financial crisis.Sky News - Published | EU fines banks including Barclays, NatWest and HSBC £293m for currency 'cartel'The EU has fined banks, including Barclays, NatWest and HSBC, a total of €344m (£293m) for roles in an alleged foreign exchange spot trading cartel.Sky News - Published |
NatWest awaits 'very large fine' after admitting anti-money laundering failures A court has been told that NatWest faces "a very large fine" after the bank admitted three charges of failing to comply with anti-money laundering legislation.Sky News - Published | Sunak to offload up further chunk of state-backed NatWest over next 12 months The Treasury is to sell a further chunk of NatWest in a trading plan over the next 12 months as it further reduces its stake in the bank.Sky News - Published |
Taxpayer raises £1.1bn from discounted sale of NatWest shares The taxpayers' stake in NatWest has been reduced after the chancellor authorised the first sale to private investors since 2018.Sky News - Published | |
