Rose to prune NatWest Markets, take secateurs to rates

By Burhan Khadbai, Jasper Cox
14 Feb 2020

Royal Bank of Scotland — or NatWest Group, as it plans to rebrand itself later this year — is set to cut back risk-weighted assets in the investment bank, particularly in rates. The bank also committed to stricter lending and underwriting criteria for fossil fuel companies.

The strategy change, including the change of name, was announced at the bank’s full year results on Friday, the first set of figures since Alison Rose took over as chief executive in November.

“Much of the potential value in this bank is locked in business lines and business ...

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