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NatWest Group PLC [1] ... the group's share price fell over 66% in one day to 10.9p per share, ... is the offshore banking arm of NatWest Group. It provides a range ...
NatWest Offshore Limited was an Isle of Man-incorporated bank formed in 1997, with branches in Jersey, Guernsey and Gibraltar.The business was transferred to RBS International through private members' legislation passed in each of the four jurisdictions in 2001, with RBS retaining NatWest as a trading name as well as continuing its existing business.
The move was poorly received in the London financial markets and NatWest's share price fell substantially. [34] Seen as a driver of the ill-advised investment banking expansion, Derek Wanless was forced to resign as chief executive following the appointment of Sir David Rowland (who became executive chairman). [35]
NatWest Holdings Limited [1] is an intermediate holding company for the NatWest Group's retail banking interests in the United Kingdom. The company was established in 2016, as part of a structural reform intended to comply with the requirements of the Financial Services (Banking Reform) Act 2013.
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On 9 March 2010, Santander sold the investment and asset management business James Hay to IFG Group for £35 million. [20] Later in the year, it was confirmed on 4 August that Santander intended to purchase the branches of The Royal Bank of Scotland in England and Wales, and the branches of NatWest in Scotland as part of a divestment of the business by The Royal Bank of Scotland Group. [21]
Barclays Bank plc, Jersey Branch BNP Paribas, Jersey HSBC, Jersey. List of banks registered in the British offshore financial centre of Jersey: . Barclays Bank plc, Jersey Branch