NatWest Markets launches ESG deposits
NatWest Markets, the investment bank owned by Royal Bank of Scotland, has launched its own environmental, social and governance deposit product, responding to a desire among companies, public bodies and investment firms to invest their cash ethically.
Because of the UK’s bank ringfencing law, NatWest Markets has to finance itself independently of RBS, and cannot take retail deposits. Its institutional deposit business is therefore very important to its funding.At the end of 2018, NWM had a £248bn balance sheet, of which derivatives made up ...
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