Friday, April 26, 2024
HomeMore NewsBanking & FinanceNatWest Group returns to majority private ownership

NatWest Group returns to majority private ownership

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LONDON (CU)_For over a decade now, after the global financial crisis struck in 2008, the government of the United Kingdom started to build a stake in NatWest Group. This was following a decision to rescue the banking and insurance holding company, then known as Royal Bank of Scotland (RBS),  with a £45 billion government bailout. 13 years later, the taxpayer is no longer the majority shareholder of the Group, which had become a symbol of the pre-financial crisis excesses of British banking.

Last week, the government decided to sell…

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