NatWest to close 43 branches as it fully transitions towards online banking
It claimed that just six jobs were at risk from the planned closures, with most staff being offered the chance to work in another branch or in a different part of the lender
Company
LON:NWG
NatWest Group PLC is one of the world's top 10 financial services groups and a leading provider of personal, business and institutional banking services. NatWest Group is the new name for Royal Bank of Scotland as of July 2020.
316 stories · page 13 of 16
It claimed that just six jobs were at risk from the planned closures, with most staff being offered the chance to work in another branch or in a different part of the lender
Net interest income upgrades are assured across the sector says the Swiss bank
The UK bank remains on Goldman's conviction buy list
Including the regular half-term pay-out, NatWest is expected to hand back £2.2bn
The company has hiked the interim dividend and is to make a special pay-out
NatWest Group is expected to announce a further share buy back with its H1 results on Friday with UBS forecasting a further £1bn when it reports its H1 results on Friday.
“The economic outlook for the UK and globally has deteriorated materially,” the FPC said.
The deadline for a sale of the government’s shareholding in the British bank has been extended by a year
Deutsche Bank's price target rises to 330p from 315p
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
"Income and profits are substantially up, costs are down and we remain well capitalised," said CEO Alison Rose
Archive
The UK blue-chip index closed 35.36 points, or 0.5% higher at 7,544.55, below the session peak of 7,569.80 but above the day’s low of 7,509.19
Archive
All of the banks have been talking about belt-tightening for customers and NatWest is unlikely to be an exception
The sources also added that Warburg Pincus may purchase Permira’s stake
The government's stake falls to 48% after a £1.2bn NatWest share purchase
Move into “Buy Now, Pay Later” seems perfectly timed to appeal to cash-strapped consumers
The bank said it intends to launch the product this summer but did not provide details on how it will work
UK bank's 7% outperformance of Eurozone counterparts "warranted" with NatWest and HSBC buy-rated - Berenberg
Nationwide also had difficulties with its online banking services yesterday
The broker expects NatWest to distribute £3.6bn of capital during its current financial year