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City

NatWest boss admits ‘unexpected challenges’ for bank in 2023

The chairman of NatWest has said the banking sector is “evolving rapidly” as he acknowledged that the lender faced “unexpected challenges” during 2023. Rick Haythornthwaite, who stepped into the role earlier this month, addressed the bank’s ...

23 Apr 2024 at 13:37

Banks urged to learn lessons from Nigel Farage row after NatWest boss quits

Ministers have urged banks to learn from the mistakes of NatWest in the wake of chief executive Dame Alison Rose’s resignation in a row over the closure of Nigel Farage’s Coutts account. The former Ukip leader went on to demand the ...

27 Jul 2023 at 09:07

NatWest chairman should stay in post, says City minister

It would not be “helpful” for the NatWest chairman to quit now as the bank seeks to rebound from the crisis over Nigel Farage’s Coutts bank account, the City minister has said. Andrew Griffith, who has led the Government’s ...

28 Jul 2023 at 20:50

Farage calls for wider ‘cultural change’ at NatWest after boss quits

Nigel Farage has called for a wider shake-up of the NatWest board, following the resignation of Dame Alison Rose after days of pressure on the banking group’s leadership. In a statement released early on Wednesday, ...

26 Jul 2023 at 09:58

City

Government stake in NatWest falls to 11.4% after bank buys back £1bn of shares

NatWest has edged another step nearer returning to full privatisation after buying back £1 billion of its shares from the Government. The taxpayer-backed lender said it bought 263 million shares from the ...

11 Nov 2024 at 07:56

City

Government cuts NatWest stake below 20% after latest share sale

The Government’s stake in NatWest Group has dropped to below 20% for the first time since the bank was nationalised in the 2008 financial crisis. A stock exchange announcement on Monday confirmed that ...

15 Jul 2024 at 11:52

City

Higher interest rates help NatWest make biggest yearly profit since 2007

NatWest Group has reported its highest yearly profit since just before the 2008 financial crisis, as the banking group moved to draw a line under the recent debanking row with the appointment of a ...

16 Feb 2024 at 17:44

City

NatWest beats annual profit expectations as bank targets ‘new chapter’

NatWest has reported a bigger-than-expected profit for 2024 as the bank edges closer to returning to private ownership. Chief executive Paul Thwaite said shedding the Government’s shareholding ...

14 Feb 2025 at 10:06

NatWest chairman says ‘political reaction’ led to Alison Rose’s departure

NatWest has said political reaction forced out boss Dame Alison Rose by making her position “untenable”, as the bank’s chairman vowed to stay on at the crisis-hit bank. Sir Howard Davies ...

28 Jul 2023 at 10:40

City

NatWest profit leaps by a third as customers ‘resilient’ against uncertainty

NatWest has revealed its profit jumped by more than a third in recent months as the bank said its customers were “resilient” against “increased global economic uncertainty”. The boss of ...

02 May 2025 at 10:08

City

NatWest names permanent boss and unveils highest yearly profit since 2007

NatWest Group has appointed Paul Thwaite as its permanent chief executive, as it revealed its highest yearly profit since before the 2008 financial crisis. Mr Thwaite succeeds Dame ...

16 Feb 2024 at 08:02

City

Government stake in NatWest falls below 1%

NatWest has said the taxpayers’ stake in the banking giant has now fallen below 1% as it takes a further step towards a return to full private ownership. The Treasury announced ...

15 May 2025 at 19:11

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