May. 30 at 4:53 PM
$NWG U.K. completes exit from NatWest, Guardian reports
The U.K. has completed its exit from NatWest Group 17 years after its GBP 45B bailout, The Guardian's Kalyeena Makortoff reports. Chancellor Rachel Reeves, said: "Nearly two decades ago, the then-government stepped in to protect millions of savers and businesses from the consequences of the collapse of . That was the right decision then to secure the economy and NatWest's return to private ownership turns the page on a significant chapter in this country's history. We protected the economy in a time of crisis nearly seventeen years ago, now we are focused on securing Britain's future in a new era of global change." The government has now exited all of the banks it helped bail out during the financial crisis, the Treasury said.
