{
Howard Davies

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001122334455554433221100

RBS Rescue: A £45 Billion Bailout and Its Aftermath

NatWest's tumultuous journey post-bailout saw leadership changes and significant financial losses, culminating in a near-£10 billion loss for taxpayers. Despite efforts to re-privatize and refocus on the UK market, public anger and operational challenges persisted, leading to the eventual ousting of CEO Alison Rose in 2023. The government’s gradual sell-down of shares began in 2015, but the long-term impact of the financial crisis remains evident.
thetimes.com
Citizens Financial Group Inc. ABN AMRO Bank N.V. GBR AUS IRL NZL Stephen Hester Tom McKillop Alistair Darling Howard Davies Paul Thwaite Ross McEwan John Kingman Fred Goodwin Alison Rose Philip Hampton Show more
Finance & Economy, News Article
13:40 24.05.2025

Supreme Court to hear landmark case on undisclosed finance commissions

A multi-billion pound case involving Barclays, Lloyds, and NatWest is set to reach the Supreme Court, stemming from consumer claims against lenders for undisclosed broker commissions in motor finance products. The Court of Appeal previously ruled such commissions unlawful unless transparently disclosed, a decision now under appeal. Analysts warn that a broad ruling could impact mortgage lenders, as many past broker remuneration arrangements may not comply with current standards.
@MortgageChat
British Pound Sterling Barclays PLC Firstrand Ltd Close Brothers Group plc Banco Santander, S.A. NatWest Group plc GBR Benjamin Toms Howard Davies Show more
Regulatory & Legal, Market Report
10:31 31.03.2025
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