Finance
NatWest buys back 1 billion pounds of its shares, accelerating full privatisation
Global Banking & Finance Review®
Company
LONDON (Reuters) – NatWest has bought back 1 billion pounds ($1.29 billion) worth of its own shares from Britain’s government, the bank said on Monday, as it continues its exit from state ownership following its bailout in the 2008
LONDON (Reuters) – NatWest has bought back 1 billion pounds ($1.29 billion) worth of its own shares from Britain’s government, the bank said on Monday, as it continues its exit from state ownership following its bailout in the 2008 financial crisis.
UKGI, which manages the government’s stake in the bank, said as a result of the transaction the government’s ownership would fall from around 14% of the company to around 11%.
($1 = 0.7739 pounds)
(Reporting By Lawrence White; Editing by Jan Harvey)
Equity refers to the ownership value in an asset or company, representing the shareholders' stake in the business after all liabilities have been deducted.
Corporate bonds are debt securities issued by companies to raise capital, where the issuer promises to pay back the principal along with interest at a specified date.
A financial crisis is a situation in which the value of financial institutions or assets drops significantly, often leading to widespread economic instability.
Explore more articles in the Finance category
