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NWG / NatWest plunges 11% after cutting outlook, Farage fall-out

NatWest plunges 11% after cutting outlook, Farage fall-out
NatWest Group PLC (LSE:NWG) shares plunged 11% in early exchanges after it lowered full-year net interest margin guidance and admitted "serious failings" in the treatment of Nigel Farage's banking account closure. Reporting third quarter results, the high street lender said net interest margin (NIM) of 2.94% in the quarter ended September was 19 basis points lower than the second quarter, with the reduction largely due to changes in deposit mix. Read More
Posted: Oct 27 2023, 04:01
Author Name: Proactive Investors
Views: 112193

NWG News  

NatWest guidance slashed, earnings a ‘major disappointment' says this analyst

By Proactive Investors
October 30, 2023

NatWest guidance slashed, earnings a ‘major disappointment' says this analyst

British lender NatWest Group PLC (LSE:NWG)'s third-quarter earnings were “a major disappointment”, according to Citi, which in a scathing research more_horizontal

NatWest shares plunge as bank cuts guidance and admits ‘serious failings' in treatment of Brexit campaigner Nigel Farage

By Market Watch
October 27, 2023

NatWest shares plunge as bank cuts guidance and admits ‘serious failings' in treatment of Brexit campaigner Nigel Farage

Shares in NatWest NWG, -11.37% fell 12% on Friday after the British bank cut its guidance and admitted “serious failings” in its treatment of Brex more_horizontal

NatWest admits 'serious failings' in Nigel Farage incident; shares slide after earnings

By CNBC
October 27, 2023

NatWest admits 'serious failings' in Nigel Farage incident; shares slide after earnings

A review into the closure of Brexit figurehead Nigel Farage's account found "potential regulatory breaches and a number of areas for improvement." more_horizontal

NatWest's Margin Guidance Cut Prompts Shares to Plunge

By Bloomberg Markets and Finance
October 27, 2023

NatWest's Margin Guidance Cut Prompts Shares to Plunge

NatWest Group Plc lowered its margin guidance as customers shift into fixed-term accounts to take advantage of better rates, forcing the bank to spend more_horizontal

NatWest plunges 11% after cutting outlook, Farage fall-out

By Proactive Investors
October 27, 2023

NatWest plunges 11% after cutting outlook, Farage fall-out

NatWest Group PLC (LSE:NWG) shares plunged 11% in early exchanges after it lowered full-year net interest margin guidance and admitted "serious failin more_horizontal

NatWest admits to

By Proactive Investors
October 27, 2023

NatWest admits to "serious failings" in treatment of Nigel Farage

NatWest Group PLC (LSE:NWG) has admitted to “serious failings” in the treatment of Nigel Farage and “clear shortcomings” in how the decision t more_horizontal

NatWest reports margin squeeze, Farage exit was

By Proactive Investors
October 27, 2023

NatWest reports margin squeeze, Farage exit was "lawful"

NatWest Group PLC (LSE:NWG) saw its net interest margin fall in the third quarter as more customers moved funds to savings accounts to benefit from hi more_horizontal

UK watchdog finds potential NatWest 'regulatory breaches' in Farage fiasco

By Reuters
October 27, 2023

UK watchdog finds potential NatWest 'regulatory breaches' in Farage fiasco

British watchdog the Financial Conduct Authority said on Friday that it had identified potential "regulatory breaches" in NatWest's handling of a deci more_horizontal


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