Sale ends state ownership of the banking group, then known as Royal Bank of Scotland, after 2008 rescue
The UK has sold its final shares in NatWest Group, ending 17 years of state ownership since the £45bn taxpayer bailout that saved the bank from collapse at the height of the 2008 financial crisis.
The full privatisation of NatWest is a symbolic moment for the banking group – formerly known as Royal Bank of Scotland (RBS) – and draws a line under the most tumultuous chapter in its near 300-year history.
Sale ends state ownership of the banking group, then known as Royal Bank of Scotland, after 2008 rescueHubris, crisis and scandal: how the NatWest ‘soap opera’ unfolded The UK has sold its final shares in NatWest Group, ending 17 years of state ownership since the £45bn taxpayer bailout that saved the bank from collapse at the height of the 2008 financial crisis.The full privatisation of NatWest is a symbolic moment for the banking group – formerly known as Royal Bank of Scotland (RBS) – and draws a line under the most tumultuous chapter in its near 300-year history. Continue reading… NatWest Group, Financial crisis, Banking, Business, Economics, Financial sector, UK news, Privatisation, Royal Bank of Scotland, Economic policy, Politics Business | The Guardian
