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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.