NatWest to close 43 branches
13th Oct 2022 15:52
(Sharecast News) - NatWest said on Thursday that it was closing 43 branches across the UK as it looks to move retail banking online.
Read moreSunday newspaper round-up: Tiering, Virgin Orbit, Octopus Energy
9th Oct 2022 13:45
(Sharecast News) - The UK's biggest lenders may be facing a huge windfall tax as the Chancellor casts about for ways to calm financial markets, City sources said. The target may be some of the interest payments due to be paid on the hundreds of billions of pounds in deposits placed with the Bank of England, through what is known as 'tiering', mainly to the likes of Lloyds, NatWest and HSBC. That might net the Treasury approximately £10bn, at a cost of a fifth of major UK lenders' annual profits, according to estimates from Numis. Nonetheless, the Treasury itself has played down the possibility of a shift towards tiering as it "risks damaging the UK's fiscal credibility". - The Financial Mail on Sunday
Read moreMortgage lenders to urge Kwarteng to extend guarantee scheme
6th Oct 2022 15:03
(Sharecast News) - Some of Britain's largest mortgage lenders are set to implore chancellor Kwasi Kwarteng to extend a first-time buyer guarantee scheme, it was reported on Thursday.
Read moreUK govt considering QE change to avert £10bn payout to banks - report
21st Sep 2022 15:00
(Sharecast News) - UK Prime Minister Liz Truss's new government has reportedly looked at changing the Bank of England's money-printing programme to save the UK taxpayer billions of pounds.
Read moreGoldman stays at 'buy' for NatWest Group
1st Sep 2022 16:33
(Sharecast News) - Analysts at Goldman Sachs reiterated their 'buy' recommendation for shares of Natwest, telling clients the lender was the "key beneficiary" from higher policy rates in the UK.
Read moreCiti sees UK inflation hitting 18% peak in January
22nd Aug 2022 11:15
(Sharecast News) - Economists at Citi raised their forecasts for the peak in UK inflation to 18% in the wake of the additional 25% rally in UK gas prices and 7% rise in electricity costs over the previous week.
Read moreBerenberg raises target price on NatWest
1st Aug 2022 09:11
(Sharecast News) - Analysts at Berenberg raised their target price on lender NatWest from 300.0p to 350.0p on Monday, stating the group's second-quarter results had provided "a valuable glance" at its "attractive" return prospects.
Read moreSunday newspaper round-up: Ukraine, HSBC, Quilter
31st Jul 2022 20:35
(Sharecast News) - Ukrainian President, Volodymyr Zelensky, issued a warning at the weekend that the war with Russia might halve Ukraine's harvest. Even so, Zelensky sounded a confident note, arguing that alternative ways were being found for grains to be delivered. John Rich, the Australian chairman of MHP, Ukraine's biggest agricultural produce company, was much more cautious. Rich also contradicted remarks from Lloyd's of London's boss during the previous week that the insurance market would underwrite the dangerous sea transit of millions of tonnes of grain through mine-laden waters. - Sunday Telegraph
Read moreNatWest beats forecasts as higher rates drive profits
29th Jul 2022 07:21
(Sharecast News) - UK bank NatWest on Friday reported better-than-expected profits driven by rising interest rates.
Read moreWeek ahead: FOMC meeting, Q2 earnings reports in the spotlight
22nd Jul 2022 13:01
(Sharecast News) - All eyes over the coming week will be on Wednesday's Federal Open Market Committee, as much for what it has to say on interest rates at the present meeting as well as for its guidance, together with a raft of corporate earnings reports on both sides of the Atlantic.
Read moreSix high street banks broke CMA information rules
22nd Jul 2022 11:07
(Sharecast News) - Six high street banks were found to have broken rules imposed by the Competition and Markets Authority under the Retail Banking Market Investigation Order 2017, it was revealed on Friday.
Read moreCredit Suisse sees value in UK Banks, Lloyds remains 'top pick'
5th Jul 2022 10:57
(Sharecast News) - Analysts at Credit Suisse sounded a bullish note for UK banks, explaining to clients that they now expected upgrades to lenders' guidance for net interest margins and net interest income.
Read moreBoE's Bailey leaves door open to 50bp hike but says economy "at something of a turning point"
29th Jun 2022 15:24
(Sharecast News) - The head of the Bank of England walked a fine line between hawkishness and its gradual approach to interest rates up until now at the European Central Bank Forum in Sintra, Portugal.
Read moreJefferies upgrades NatWest to 'buy'
22nd Jun 2022 10:56
(Sharecast News) - Jeffries has upgraded its rating on NatWest Group on the back of rising interest rates.
Read moreGovernment extends trading plan to sell NatWest stake
22nd Jun 2022 10:20
(Sharecast News) - The government is to continue selling down its stake in NatWest Group for another year, HM Treasury confirmed on Wednesday.
Read more