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NatWest CEO sees 'material opportunities' in AI

06:37am, Tuesday, 23'rd Apr 2024
Britain's NatWest has identified more than 100 priority areas where Artificial Intelligence (AI) can be used to simplify the bank and boost efficiency following a bank-wide review, Chief Executive Pau

NatWest, Barclays, HSBC hike mortgage rates

03:53am, Tuesday, 23'rd Apr 2024
Several major UK lenders have announced increases to mortgage rates as speculation over when the Bank of England will cut base interest remains skewed. NatWest Group PLC (LSE:NWG), Barclays PLC (LSE:B
The UK's three largest clearing banks – Lloyds, Barclays and NatWest – report first-quarter results this week, with analysts bullish about the sector as they see low valuations and the prospect of
Barclays maintains a broadly optimistic view on the earnings outlook for UK banks, foreseeing a recovery in net interest margins (NIM) over the coming quarters, with a favourable view on NatWest in pa
Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, said on Thursday it would vote in favour of a proposal letting NatWest buy back more of its stock from the British g
NatWest Group PLC (LSE:NWG) has been criticised by an influential proxy adviser for paying new boss Paul Thwaite the same salary as predecessor Alison Rose, even though he has much less experience. 
Ocado Group PLC (LSE:OCDO) shares fell 2.1% after it said that chair Rick Haythornthwaite is stepping down after being appointed to the same role at NatWest. Haythornthwaite, who has previously held

Government takes NatWest stake to below 30%

08:57am, Monday, 25'th Mar 2024
The Treasury has sold off further shares in NatWest Group PLC, taking the taxpayer's stake to less than 30% for the first time since the lender was rescued during the global financial crisis. Some
Shares in NatWest Group PLC (LSE:NWG) were boosted by research suggesting the government's exit from the shareholder register could be a little quicker than anticipated. In a note, in which the Ameri
Lenders HSBC and NatWest, along with small cap Central Asia Metals were among large high-yielding London companies flagged by Shore Capital in a note to income investing clients.  The broker offere

NatWest lowers a selection of mortgage rates

10:35am, Wednesday, 20'th Mar 2024
Mortgage rates have started to fall following February's softer-than-expected inflation reading, with lenders highlighting their confidence that base interest rates will fall later this year.  NatWes
Barclays, Lloyds and NatWest have pledged to upgrade dozens of shared banking hubs as part of a plan to deal with the growing number of closed branches.  Bim Afolami, the City minister, has worked w
Britain proposed a draft law on Thursday that will compel banks to give customers three months' notice and an explanation before closing their accounts, after former Brexit Party leader Nigel Farage s
NatWest Group PLC (LSE:NWG) will increase mortgage rates for existing borrowers on two and five-year deals by 0.1% from tomorrow, Sky's Money Blog has reported. Fellow lenders Banco Santander (LSE:BNC
NatWest will end its buy now, pay later (BNPL) product May 7 due to lower-than-expected use of the offering. This move comes less than two years after the British bank's summer 2022 launch of the BNP
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