NatWest next in line to cut mortgage rates
NatWest Group PLC (LSE:NWG) has announced a second cut to mortgage rates in a month, this time targeting business deals, as lenders continue to grapple for customers. Cuts of up to 19 basis points were unveiled by the bank at the start of the week, before they hit the market on Tuesday.
NatWest stake further wound down by government
Britain's new government has sold off another chunk of shares in NatWest Group PLC (LSE:NWG), taking the public's stake in the bank from 18.99% to 17.97%. This means the government's stake has been cut by more than half over the course of 2024, ahead of plans for a full exit over the coming year.
NatWest app down as outages hit online banking services
NatWest Group PLC (LSE:NWG), HSBC Holdings PLC (LSE:HSBA) and TSB Banking Group (LSE:TSB) Bank's apps have all be struck with outages on Friday morning, leaving customers unable to make payments. According to website DownDetector, the issue with NatWest's online services peaked just after seven o'clock on Friday morning, with over 1,100 people reporting outages.
UK's NatWest investigating payment issues on app
British lender NatWest Group is investigating some issues with payment on its banking app, it said on social media platform X in response to some customer complaints.
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NatWest and other UK equities stand out for new-found popularity, says Morgan Stanley
UK equities "stand out" as one of the most popular investments in recent weeks, Morgan Stanley found in its analysts of current fund positioning. Strategists at the investment bank noted that international funds have increased their exposure to UK stocks across all long-only fund types (ie not hedge funds that take short positions against stocks).
NatWest (NWG) Upgraded to Buy: What Does It Mean for the Stock?
NatWest (NWG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Natwest no longer a UK public sector company
Opponents of public ownership rejoice as NatWest Group PLC (LSE:NWG) is no longer classed as a public company, following the government's steady selling down of its stake. With the stake having fallen below 25% in June, and at the start of August standing at just under 19%, the Office for National Statistics has decided the bank will no longer be included in its calculations as one of the state-owned companies.
Texas adds NatWest to energy "boycott" list
Texas' comptroller has added NatWest to a list of firms that "boycott" energy companies, potentially restricting the bank's business with state agencies.
NatWest cuts mortgage rates and becomes latest to offer sub-4%
NatWest Group PLC (LSE:NWG) has become the latest lender to cut some mortgage rates to below 4% after the Bank of England reduced base interest earlier this month. This follows similar moves at the likes of Banco Santander (LSE:BNC), Lloyds Banking Group PLC (LSE:LLOY)'s Halifax and HSBC Holdings PLC (LSE:HSBA) as competition heats up between lenders.
Focus: NatWest to tap investors to shed loan risk and protect dividends, executives say
NatWest wants to bolster its lending firepower. To do so it plans to cut deals with investors to offload some of its loan risk, to make its capital go further and preserve dividends, executives told Reuters.
NatWest Group (NWG) Is Up 8.79% in One Week: What You Should Know
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