Remove business natwest-group
article thumbnail

NatWest decision to close Nigel Farage’s bank accounts was lawful, says report

TheGuardian

Investigation for bank finds ‘serious failings’ in handling of Coutts move and treatment of ex-Ukip leader Business live – latest updates NatWest’s decision to close Nigel Farage’s bank accounts was lawful but there were “serious failings” in how it treated the former Ukip leader, an independent review commissioned by the bank has found.

Report 111
article thumbnail

NatWest shares plunge after bank downgrades profit outlook

TheGuardian

Competition for savers’ cash is putting pressure on its finances, says group NatWest decision to close Farage’s accounts was lawful – report Business live – latest updates NatWest has downgraded its profitability outlook and warned that competition for savers’ cash is putting pressure on its finances, sending its shares plunging.

Groups 70
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

UK government in talks with brokers to help market NatWest shares to public

TheGuardian

The chancellor, Jeremy Hunt, said in his autumn statement last November that the government would “explore options” for selling down its remaining stake in the British banking group – now at just below 33% – and would plan to invite the public to buy shares. Continue reading.

article thumbnail

NatWest to pay UK government £190m as Farage crisis rocks bank

TheGuardian

The crisis-hit group said it was planning to pay dividends worth £500m to its investors after another strong quarter in which pre-tax profits rose by a higher than expected 27% to £1.8bn in the three months to June.

Groups 68
article thumbnail

UK government in line for £1bn payout from NatWest Group stake

TheGuardian

Bank to hand dividend to shareholders despite dip in second quarter profits and economic ‘uncertainty’ The UK government is in line for a £1bn payout from its near-50% stake in NatWest Group, despite a dip in the bank’s second quarter profits and “uncertainty” over the UK’s economic outlook.

Groups 83
article thumbnail

Alison Rose’s position at NatWest was untenable after Nigel Farage row. She had to go | Nils Pratley

TheGuardian

In discussing his relationship with bank and Coutts subsidiary she breached group’s policy NatWest boss Rose resigns over Farage Coutts accounts row Profile on Alison Rose, the NatWest CEO who quit Farage NatWest row – follow the latest live This is how NatWest Group describes its policy on protecting privacy and customer confidentiality. “We

article thumbnail

Government may sell UK’s remaining stake in NatWest to public, says Jeremy Hunt

TheGuardian

of the high street bank it bailed out in the 2008 financial crisis Business live – latest updates The UK government will explore options for selling off its remaining 38.6% stake in the high street lender NatWest Group to the public within a year, bringing it back to full private ownership, Jeremy Hunt has announced.

Groups 66