NatWest Group lifted by bad debt write back, lower costs
Income from its retail and commercial bank arms fell by 8%
Company
NatWest Group PLC
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.
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NatWest bans business customers that accept cryptocurrency
The head of the bank's risk committee said the lender had “no appetite” for dealing with customers whose main business is backed by the exchange of crypto, which it has categorised as "high risk"
NatWest Group buys back £1.1bn of shares from the government
Deal reduces the UK taxpayers' stake in NatWest to 59.8%
NatWest charged over alleged money laundering negligence
The bank is scheduled to appear at Westminster Magistrates’ Court on 14 April 2021.
NatWest Group pays 3p divi with UBS confident there is scope for bigger payouts
"We think this capital strength will allow significant capital returns," UBS said, in a quick reaction to this morning's results from NatWest Group
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FTSE 100 heads for a narrowly green end; Wall Street rides tech rebound higher
London's leading index advanced 7 points Friday to 6,624
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NatWest to report with dividends and impairments in focus
It's banking results season and following hot on the heels of Barclays on Thursday, it's NatWest's turn to march to the crease on Friday
NatWest dowgraded by UBS but other analysts hike targets
Elsewhere in the financial sector, Citigroup removed its ‘sell’ rating on Hargreaves Lansdown
NatWest down to Neutral as JP Morgan says little upside left amid Brexit and economic uncertainty despite return of dividends
The investment bank said they now estimated the chance of a last minute trade deal between the UK and the EU at around 60%, adding that the big banks also faced an elevated risk of negative interest rates
NatWest mulls bid for Sainsbury’s Bank
The FTSE 100 bank is reportedly considering an offer for the supermarket's financial services business, which currently has over 2mln customers
NatWest returns to profit but warns challenging times lie ahead
The former Royal Bank of Scotland took £254mln of bad loan impairments, down from £2.1bn in the second quarter and £802mln in the first
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FTSE 100 ends flat, Wall Street takes a beating amid coronavirus fears
The main indices were red on both sides of the Atlantic on Friday
Impairments in focus as NatWest results round off banking week
Elsewhere, Glencore will update on quarterly production levels
Natwest sees rush for voluntary redundancy scheme to cut 550 roles
NatWest is also separately closing its Regents House office in Islington, London
NatWest lower as UBS trims target price following the UK lender's recent quarterly results
The UBS analysts noted the bank's numbers followed a familiar pattern, with a stronger pre-provision profit offset by a bigger reserve build
Natwest Group posts £770mln loss after huge bad debt hit from coronavirus impact
“We believe the full year 2020 impairment charge is likely to be in the range of £3.5-4.5 billion," the lender said