Financial workers in London flock back to office
London’s financial sector is keen to return to normality after the pandemic. It is encouraging the employees back to their old lives. In some companies they are even offering free food and social events. And that seems to be working. London’s transport operator said that this week it recorded its busiest day since the pandemic…
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Britain unveils plan to return NatWest to majority private control
Britain’s government unveiled a blueprint for returning NatWest to majority private ownership within a year, more than a decade since bailing out the lender at the height of the global financial crisis. The finance ministry said that it had instructed Morgan Stanley to sell NatWest shares on its behalf in a scheme. NatWest shares have…
Natwest sells Irish commercial lending business to AIB
Natwest Group had agreed to sell most of its Irish commercial lending business to regional peer Allied Irish Banks. This is as a part of the British lender’s planned exit from Ireland. This deal will see AIB to take over around 4.2 billion euros in gross performing commercial lending and undrawn exposures of around 2.8 billion…