Tag: NatWest

NatWest branch1
March 25, 2024 BY Simon Mugo

The UK Government Is No Longer the Leading NatWest Shareholder

For years, the fate of NatWest has been closely intertwined with governmental strategies aimed at stabilising the UK's financial system during tumultuous times. The recent announcement by the finance ministry highlights a deliberate and ongoing effort to transition the bank back into full private ownership. This process has been meticulously managed by gradually selling the…

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NatWest branch1
March 14, 2024 BY Simon Mugo

The UK Proposes New ‘Debanking’ Law After the Nigel Farage Incident

The issue of account closures took on a political dimension following Farage's assertion that his account with Coutts, a subsidiary of NatWest, was terminated due to his political stance. This led to a controversy that culminated in the unexpected resignation of NatWest's CEO, Alison Rose. In response, Finance Minister Jeremy Hunt announced in October his…

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January 26, 2024 BY Elizabeth Anderson

City minister urges investors to back the UK stock market

Most notably, Afolami noted that investors would be wise to invest in NatWest (LON: NWG) shares, arguing that the relationship bank is a worthy investment with savings automatically enrolled and invested into the British stock market.    After two recent share sales, the British government’s stake in NatWest is approximately 37%. The government saved NatWest from…

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CobaltFX
May 31, 2023 BY Steffy Bogdanova

BNP Paribas and NatWest go live with ‘Dynamic Credit’ from CobaltFX

BNP Paribas and NatWest have been long term partners with CobaltFX and now both companies are increasing their engagement with the Dynamic Credit product to manage credit exposures for their respective financial institutions, addressing overly manual processes as well as market access and control. Joe Nash, Digital COO for Foreign Exchange, Rates and Commodities, BNP…

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FCA fine
December 14, 2021 BY Steffy Bogdanova

NatWest gets a £264.8 million fine for AML compliance failures

Some of NatWest’s employees who handled these cash deposits shared their suspicions with the bank’s investigative staff but no action was taken. The warning signs included large amounts of Scottish bank notes deposited throughout England, as well as deposits of notes carrying a noticeable musty smell and individuals acting suspiciously when depositing the cash. Moreover,…

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Equiti Capital onboards NatWest Markets as another Prime Broker
May 10, 2021 BY Steffy Bogdanova

Equiti Capital onboards NatWest Markets as another Prime Broker

Marcus Butt, Head of Global FX Prime Brokerage at NatWest Markets, said: We are very pleased that Equiti Capital have recognised our PB solutions as market leading and are looking forward to supporting Equiti Capital’s continued growth. Equiti Capital FX Desk's voice execution offering has also contributed to the continued growth with its macroeconomic insights,…

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R3 and SBI Holdings plan to accelerate Corda adoption in Japan
October 23, 2018 BY Valentina Kirilova

Trade finance solution Voltron launches open platform on Corda blockchain

Bangkok Bank, BNP Paribas, CTBC Holding, HSBC, ING, NatWest, SEB and Standard Chartered in partnership with Bain, CryptoBLK and R3 launch open industry platform, corporate customer pilot programme and technology partner programme on the Corda Network The Voltron initiative has launched the open platform for documentary trade, targeting production on R3’s Corda Enterprise blockchain platform…

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April 11, 2018 BY Valentina Kirilova

MarketInvoice teams up with NatWest to fund British businesses

Business finance company MarketInvoice has announced that it joins a select group of alternative finance firms on NatWest’s Capital Connections panel. Capital Connections helps SMEs to access alternative sources of capital after being unable to secure traditional financial backing. Business customers are signposted to the panel of innovative sources of finance including equity crowdfunding, marketplace…

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November 20, 2014 BY LeapRate Staff

FCA fines RBS, NatWest and Ulster Bank £42 million for IT failures

UK regulated financial services companies had better ensure that their IT systems work properly. Using the excuse 'it was a computer glitch' doesn't fly any more. UK financial regulator the Financial Conduct Authority (FCA) has today fined the Royal Bank of Scotland (NYSE:RBS), National Westminster Bank (NatWest) and Ulster Bank a total of £42 million (about…

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