Politics

UK government cuts NatWest stake by £1bn

NatWest bought a £1bn stake in itself from the U.K. government.
NatWest bought a £1bn stake in itself from the U.K. government. Photo: Agence France-Presse/Getty Image

The British government on 11 November said it further trimmed its crisis-era investment in UK bank NatWest.

The government said it has sold a stake in NatWest worth £1bn back to the lender, taking its stake down to 11.4% from 14.2% at 8 November’s closing price of 380.80 pence per share.

WSJ Logo
Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached