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Topic History of: NatWest; RBS; Shit bank in deep trouble.
Max. showing the last 5 posts - (Last post first)

Author	Message
JK2006	Yes indeed Jo and I believe RBS is currently undergoing some pretty damaging legal inspection. Avoid it like the plague. www.theguardian.com/business/2021/mar/16...ged-money-laundering
Jo	??? Government sells down taxpayers’ stake in NatWest to 59.8% in £1.1 billion share sale NatWest is widely seen as having too much equity capital compared with the size of its balance sheet and, while that makes it one of the safest banks in Europe, shareholders see it as pointlessly over-capitalised.
Jo	Where did you see this, JK? This is all I've been able to find: Separately, the government said it would receive £1.1bn from selling part of its stake in NatWest Group. The sale will cut the size of the government's stake in the bank - which was previously called Royal Bank of Scotland - from almost 62% to 59.8%. The government bought shares in the bank to help keep it afloat during the 2008 financial crisis. The value of those shares has since fallen, meaning the government has made an overall loss of £1.84bn excluding dividend payments. The Treasury said "its ambition is to return the bank to private ownership once the original goal of preserving financial stability has been achieved". www.bbc.com/news/business-56453869
Green Man	Is Metro okay still ?
JK2006	NatWest is in trouble. Government sells RBS shares at a huge loss. This appalling bank is reaching melt down. If you have money in it including Coutts, by the way, I'd be nervous. They have a habit of closing accounts for no good reason (just Google it). www.thisismoney.co.uk/money/saving/artic...esque-injustice.html