NatWest’s Ulster Bank sells €4.2bn Ireland loans to AIB
NatWest Group’s Ulster Bank said on Monday it agreed to sell most of its commercial lending business in the Republic of Ireland to Allied Irish Banks…
NatWest Group’s Ulster Bank said on Monday it agreed to sell most of its commercial lending business in the Republic of Ireland to Allied Irish Banks…
The UK’s Competition and Markets Authority (CMA) has issued a warning to Monzo, NatWest Group, Virgin Money and Bank of Ireland after the banks breached a…
NatWest-RBS said on Tuesday it expects only about 13% of its staff to return to primarily office-based working as it revealed a three-pronged approach to post-pandemic…
The UK Treasury and UK Government Investments Limited (UKGI) have undertaken to the bookrunners of the latest sale of shares in NatWest-RBS “not to sell…
The UK government announced on Monday its intention to sell another 5% of the shares the UK taxpayer still owns in NatWest Group plc, formerly…
NatWest Group, formerly known as Royal Bank of Scotland, said in a trading update on Thursday its customer deposits increased to £453.3 billon in the first…
NatWest Group, formerly known as Royal Bank of Scotland, said on Friday it will buy back 590.7 million of its shares for £1.1 billion from the…
The UK’s Financial Conduct Authority (FCA) announced on Tuesday it has commenced criminal proceedings against National Westminster Bank Plc (NatWest) — formerly Royal Bank of…
NatWest Group — formerly known as RBS — said on Friday it intends to begin a phased withdrawal for its Ulster Bank business from the Republic…
Shares of NatWest Group — formerly known as RBS — rose about 4% on Friday after it announced that its 2020 loss was smaller than…
NatWest-RBS is in talks to offload private banking subsidiary Adam & Co, according to a report on Sky News. NatWest-RBS is working with Evercore, the…
Metro Bank said on Tuesday it completed the sale of a £3 billion residential mortgage portfolio to NatWest Group plc. “Further to Metro Bank’s announcement…
Metro Bank on Friday confirmed the sale of a portfolio of owner occupied residential mortgages to the NatWest group for up to £3.1 billion in…
Edinburgh-based Sainsbury’s Bank has received an approach from NatWest-RBS for a potential takeover. The development comes a week after supermarket group Sainsbury’s said it received third-party…
Shares of NatWest rose about 6% on Friday after the bank surprised analysts with an unexpected return to profit in the third quarter. The bank…
NatWest — formerly known as RBS — is eliminating at least 500 jobs across its retail operation and closing one of its remaining offices in…
NatWest Group, the bank formerly known as RBS, said on Friday it suffered a net impairment loss of £2.8 billion in the first half of…
The Royal Bank of Scotland Group plc today changed its name to NatWest Group plc. The change of name has been registered at Companies House…
The Royal Bank of Scotland Group plc said on Thursday that its name change to NatWest Group plc will take effect on Wednesday, July 22,…
Royal Bank of Scotland-NatWest group is to cut almost a quarter of its investment banking staff in the United States, it emerged on Wednesday. RBS-NatWest…
Royal Bank of Scotland said on Tuesday it will allow business customers another six months to take advantage of incentives to switch their accounts to…
The Royal Bank of Scotland Group plc (RBS) and its subsidiaries Natwest Markets Plc and Natwest Markets N.V. on Thursday announced a raft of executive…
The Royal Bank of Scotland Group plc said on Wednesday it completed the pricing of its $1 billion in 3.073% senior callable fixed-to-fixed reset rate notes…
RBS-NatWest announced on Tuesday that David Lindberg will join the group as its new CEO, Retail Banking, from Westpac in Australia, where he is currently…
The Royal Bank of Scotland Group plc said on Friday it plans to rename itself NatWest Group plc later this year. The news came as…
UPDATE 3 — The Royal Bank of Scotland Group plc (RBS) said on Thursday that CEO Chris Marks and CFO Richard Place have stepped down…
Royal Bank of Scotland said on Tuesday it is working to fix an IT problem that has left RBS and NatWest credit card customers unable…
Royal Bank of Scotland subsidiary NatWest said it will double its growth funding programme for small and medium-sized British businesses to £6 billion to help them navigate…
Royal Bank of Scotland’s NatWest on Tuesday announced an additional £2 billion of funding for smaller businesses “as they prepare for the Brexit process.” NatWest…
Royal Bank of Scotland is trialling two standalone digital banks under its NatWest brand, according to a report by the UK’s Press Association. A senior…
Royal Bank of Scotland is planning to close almost 160 RBS and NatWest bank branches throughout the UK, putting hundreds of jobs at risk. RBS, still more than 70% owned by…
Royal Bank of Scotland is to close at least 32 of its NatWest branches throughout England and axe 600 jobs, according to union leaders. RBS…
Picton, the UK real estate investment trust (REIT), announced that Lena Wilson will step down as chair and non-executive director on January 31, 2025. “This…
Edinburgh-based investment giant Abrdn plc announced that former Marks & Spencer co-CEO Katie Bickerstaffe and former Terra Firma CEO Vivek Ahuja have been appointed to…
Aberdeen-headquartered transport giant FirstGroup plc announce that former Scottish Enterprise CEO Lena Wilson will join its board as chair on February 1, 2025. Wilson is…
Global stock markets fell sharply on Monday — with the Japanese index suffering its worst day in 37 years — as investors around the world…
KPMG’s latest UK Financial Services Sentiment Survey of 150 industry leaders found that 90% of them plan to increase their footprint outside of London in…
UK finance minister Rachel Reeves and UK business secretary Jonathan Reynolds have instructed their officials to begin work to “align” public finance institutions the UK…
Export Development Canada (EDC) and NatWest have combined to provide long-term financing of £130 million for the 106MW Limekiln Wind Farm in Caithness, which is owned by…
UK finance minister Jeremy Hunt delivered his budget speech on Wednesday, confirming a widely expected cut of 2 percentage points to National Insurance. However, Hunt…
Proposals have been detailed and submitted for a new community in west Edinburgh that promises 3,000 homes, office space to support more than 4,000 jobs,…
The UK’s data watchdog, the Information Commissioner Information (ICO), has apologised to former NatWest chief executive Alison Rose for suggesting that she personally breached data rules…
Alba Bank, the new Scottish bank dedicated to small and medium sized business (SME) lending, said it has appointed banking industry veterans Robert Sharpe and Andrew…
Activity in mergers and acquisitions fell sharply in Scotland in the first half of 2023, with 25% fewer deals being announced and the value of…
Scottish Financial Enterprise, the member body for Scotland’s big financial services industry, has appointed Ben Rose as its new director of public policy and communications…
NatWest Group said on Wednesday that its former chief executive Alison Rose will continue to receive her fixed pay package of roughly £2.4 million while…
NatWest Group Plc said on Thursday the head of its Coutts private bank subsidiary, Peter Flavel, will depart with immediate effect. On Wednesday, the UK…
Scotland has returned to its historic position as the top location for financial services foreign direct investment (FDI) in the UK outside of London, according…
The £1.3 billion Edinburgh Investment Trust plc announced its Net Asset Value (NAV) per share on a total return basis increased 7.9% in the year to…
Leading recruitment firm Core-Asset Consulting has joined forces with a UK government backed organisation to help combat the socio-economic imbalance of the Scottish financial services sector. Core-Asset…
Ahead of the Six Nations rugby starting this weekend, new data from social investing network eToro shows that the strongest XV Scotland-headquartered stocks have easily…
The Bank of England, the UK’s central bank, announced on Tuesday that it will “widen the scope” of its daily gilt purchase operations to include…
Scottish Financial Enterprise (SFE) has announced a new chair along with other appointments to a new-look board. SFE said current deputy chair John McGuigan will…
Glasgow investment firm N4 Partners has announced the appointment of Gordon Merrylees, the former Managing Director of Entrepreneurship for NatWest, Royal Bank of Scotland (RBS) and Ulster…
Archangels, the Edinburgh-based business angel investment syndicate, has appointed former investment analyst and fund manager Ian Macleod as the new chair of its board. Macleod takes…
Caledonia Housing Association announced it has secured a “uniquely structured” £75 million private placement with support from NatWest to “further its commitment to both building…
Edinburgh has maintained its place as a leading international financial centre in the latest Global Financial Centres Index (GFCI), placing seventh in Western Europe, second…
Closed life and pension fund consolidator Phoenix Group Holdings plc, owner of the “old” Standard Life Assurance, announced some big board changes on Wednesday. Senior…
First Minister Nicola Sturgeon and Scottish Financial Enterprise chair Philip Grant are to co-chair a “refocussed” national board to “ensure the crucial role of financial…
TSB bank said on Friday that its chief customer officer Robin Bulloch has been appointed interim CEO following the news that Debbie Crosbie has been…
The £1.2 billion Edinburgh Investment Trust said on Monday its net asset value (NAV) has risen 48%, compared with 36.8% for the FTSE All-Share, since…
Baillie Gifford’s high-flying flagship fund, the £21 billion Scottish Mortgage Investment Trust plc, said on Monday it has increased its investment in healthcare and biology companies…
Livingston-based smart metering firm Energy Assets Group announced it has completed a £690 million refinancing package, including £185 million of capital expenditure (capex) facilities. Energy Assets said it…
Supermarket firm Sainsbury’s said on Friday it had ended talks on selling its Edinburgh-based Sainsbury’s Bank unit after deciding that approaches it received in November…
Baillie Gifford’s high-flying flagship fund, the £20 billion Scottish Mortgage Investment Trust plc, announced the appointment of Prudential plc chief financial officer Mark FitzPatrick as a non-executive director….
By Mark McSherry US activist hedge fund Elliott Advisors is pushing for a breakup of Perth-based energy and networks giant SSE after building up a…
easyJet plc said it has appointed former Royal Bank of Scotland CEO Stephen Hester as a director and chair designate. Hester, 60, will join the…
Scottish corporate and finance veteran Benny Higgins is to join Glasgow investment firm N4 Partners as chairman. Higgins will also chair the N4 Advisory Board, which…
Baillie Gifford’s high-flying flagship fund, the £20 billion Scottish Mortgage Investment Trust plc, announced it has raised a further £200 million by issuing two long-term, fixed…
Edinburgh-based cloud accounting software firm FreeAgent, acquired by NatWest-RBS in 2018, announced that co-founder Ed Molyneux will step down from his role as CEO this…