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National Westminster Bank Group (NatWest) announced on Thursday its decision to acquire Sainsbury's Bank's retail banking assets, a deal valued at approximately £2.5 billion. This significant acquisition includes unsecured personal loans and liabilities, marking a strategic move for NatWest to bolster its retail banking presence in the UK.
Natwest Group PLC has struck a deal to buy most of Sainsbury's Bank from J Sainsbury PLC (LSE:SBRY), namely its credit cards, personal loans and saving account businesses. Customers are expected to be transferred in the first half of next year.
British supermarket Sainsbury's said on Thursday it had agreed to sell most of its banking unit to Natwest and expected the sale to complete in the first half of next year.
NatWest Group plc has announced its decision to shut down its operations in Poland, a move set to begin in 2025. This closure will affect approximately 1,600 employees, most of whom work in the bank's financial crime unit.
NatWest will close its business in Poland by the end of 2025, the British bank said on Wednesday, as it consolidates its financial crime operations into two remaining hubs in Britain and India.
NatWest (NWG) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.
Former NatWest Group PLC (LSE:NWG) boss Alsion Rose has found a new job around a year after she was left the lender over the Nigel Farage Coutts debanking scandal. Rose has been hired as a senior advisor at London-based private equity firm Charterhouse, which has previously owned AA and Saga, according to Financial News reports.
Michelle Girard, NatWest head of U.S. coverage and CEO of NatWest Markets, joins 'Squawk Box' to discuss the latest market trends, what to expect from the May jobs reports, impact on the Fed's rate decision, state of the economy, and more.
Does NatWest Group (NWG) have what it takes to be a top stock pick for momentum investors? Let's find out.
NatWest Group PLC (LSE:NWG)'s £1.24 billion buyback of shares from the Treasury exceeded Peel Hunt analysts' expectations. They had initially expected just £1.1 billion in buybacks for the whole of 2023; today's announcement has forced a rethink of the broker's full-year estimates.