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Evening Standard

Business

Anna Wise

NatWest to boost presence in US after ring-fencing rules eased

NatWest United States United Kingdom Gary Greenwood Rachel Reeves US Federal Reserve

The application for a representative office followed changes to the UK’s ring-fencing rules (Mike Egerton/PA) - (PA Archive)

NatWest has taken a step towards boosting its presence in the US following changes to ring-fencing rules under former chancellor Rachel Reeves.

The US’s Federal Reserve said last week it had granted approval for the bank to set up a so-called “representative office” in Stamford, Connecticut.

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