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Birmingham Post
Birmingham Post
Business
Jon Robinson & August Graham

Government cedes control of NatWest for first time since financial crisis

NatWest NatWest Group

The Government has ceded control of NatWest for the first time after stepping in to save the Royal Bank of Scotland Group during the financial crisis nearly a decade and a half ago.

The Treasury has sold £1.2bn worth of shares in NatWest Group - RBS rebranded in 2020 - taking its stake to less than 50%.

Economic secretary to the Treasury John Glen said: "This sale means that the Government is no longer the majority owner of NatWest Group and is therefore an important landmark in our plan to return the bank to the private sector.

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