The boss of NatWest has said it would be a “symbolic” moment when the bank returns to private ownership, which could be achieved in the first half of next year. Paul Thwaite, speaking at the Financial Times’ Global Banking Summit, said: “I think it is reasonable to expect that we will be back to private ownership next year, maybe as early as the first half.” The Government has been steadily offloading its share in NatWest since it was bailed out by taxpayers during the 2008 financial crisis.
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and
00:06here are your headlines for this morning. The boss of NatWest has said it would be a
00:11symbolic moment when the bank returns to private ownership, which could be achieved in the
00:17first half of next year. Porthwaite, who is speaking at the Financial Times Global Banking
00:23Summit said, I think it is reasonable to expect that we'll be back to private ownership next
00:28year, maybe as early as the first half. The government has been offloading its share in
00:34NatWest since the bank was bailed out by taxpayers during the financial crash. Mr. Porthwaite
00:41said it was on a fast trajectory to private ownership, which means we'll be able to talk
00:46about the future of the bank, but I'm having to talk about its past. My name's Greg Wright.
00:52I'm the Deputy Business Editor of the Yorkshire Post.