Stock market investors also marked down the shares after lacklustre results from the bank were published last month. The scandal led to the departure of NatWest’s chief executive, Dame Alison Rose. However, the share price was as high as 310p in February, before the bank was rocked by the summer’s “debanking” scandal when Nigel Farage, the former leader of Ukip, said he had been stripped of his account at Coutts, the NatWest subsidiary for the wealthy, because of his political views. On the stock market on Wednesday, NatWest shares barely reacted and were trading 1pc lower in the afternoon at 205p per share. Official Autumn Statement documents say: “As part of the plan to return NatWest to the private sector, the Government will explore options to launch a share sale to retail investors in the next 12 months, subject to supportive market conditions and achieving value for money.” It became the majority shareholder in what was then the Royal Bank of Scotland during the financial crisis, when it injected billions of pounds into the lender to prevent its collapse and the economic chaos that ministers feared as a consequence. An offer of NatWest shares to the public would form part of the Government’s plans to eliminate its entire holding in the bank by 2026.
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