Metro Bank sells £3bn mortgages to NatWest-RBS
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…
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…
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…
The UK Government’s Debt Management Office (DMO) said on Friday it appointed Barclays, Goldman Sachs International, Lloyds Bank Corporate Markets, NatWest Markets and RBC CM…
Canada’s Canaccord Genuity Group announced on Thursday it agreed to acquire the private client investment management business of Edinburgh-based private bank Adam & Company for…
Insurance firm Markerstudy Group has announced the appointment of Scottish corporate veteran Benny Higgins as its chairman. Markerstudy said the appointment concludes a busy first…
Investment platform AJ Bell has welcomed the return of dividends from UK companies with the news that the number of London-listed firms that made or…
A strong final quarter of 2020 saw shares in listed Scottish companies outperform the wider FTSE and AIM All Share indices as they soared 29.61%…
A new report from the UK’s Business Growth Fund (BGF) has warned of a serious rising shortfall in equity funding and called for pension funds,…
Scottish companies listed on the London Stock Exchange outperformed their indices in the third quarter of 2020 according to analysis from Brewin Dolphin, boosted by…
The head of the UK’s Debt Management Office (DMO) said on Tuesday he was confident bond investors would continue to buy UK gilts following almost…
The Royal Bank of Scotland Group has told its staff that the vast majority of them can continue to work from home until 2021. The…
Royal Bank of Scotland chairman Howard Davies on Friday urged the Bank of England, the UK’s central bank, to lift the current ban on bank…
About 50,000 of RBS-NatWest’s 65,000 staff have been told to continue working from home until at least the end of September. The decision was revealed…
Royal Bank of Scotland Group said on Friday its operating profit before tax fell to £519 million in its first quarter, down from just over…
Royal Bank of Scotland “will not be moving people out of Scotland” as a result of the recent decision to change its name to NatWest,…
Royal Bank of Scotland on Friday announced a new £1 billion in funding through its NatWest business to support female entrepreneurs in the UK. RBS…
Royal Bank of Scotland group’s NatWest has launched its standalone digital bank Bó in a plan to meet competition from online start-ups. The Bó app…
Scottish financial planning firm Anderson Anderson & Brown Wealth Ltd (AAB Wealth) announced on Monday the appointment of Benny Higgins as its non-executive chairman. Higgins…
On her first day as CEO of Royal Bank of Scotland Group on Friday, Alison Rose shared her vision for the company with staff —…
RBS said it has joined forces with Mastercard, Motive Partners and EFM Asset Management to invest in a business called Pollinate that will look to…
UPDATE 3 — Royal Bank of Scotland Group on Thursday reported an attributable loss of £315 million for the third quarter amid a PPI charge…