Tag: NatWest
Major Banks to Close 48 Branches in April Alone: More to Come?
Various banks will close 48 branches this month and will continue to close more as the year goes on. This includes Halifax and Lloyds. Barclays and the Bank of Scotland. Barclays will close 21 branches, Halifax will close 14, and Lloyds will close 12. The Bank of Scotland will close only one. Why are the…
UK Chancellor To Sell Large NatWest Stake: Throwback to 2008 Financial Crisis
According to the Guardian on Wednesday 28th February, UK Chancellor of Exchequer Jeremy Hunt announced that he would look to sell the remaining 39% of the government’s stake in NatWest. During the 2008 financial crisis, the government gave a bailout to many banks by buying a substantial proportion of their stock. This was necessary to…