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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

NatWest on fast trajectory back to private ownership, boss says

A NatWest branch
The public stake in NatWest has been reduced from 38% in December 2023 to just under 11% now. Photograph: Matt Crossick/PA

The chief executive of NatWest has said the bailed-out bank is on a “fast trajectory to private ownership”, with the government likely to fully exit its stake within the first half of 2025.

Paul Thwaite said it would be a symbolic moment for NatWest Group staff and the wider banking sector, allowing the industry to close another chapter of the fallout from the 2008 banking crash.

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