RBS takes axe to NatWest Markets

Bank plans to slim trading operation to 10% of total RWAs

The embattled dealer arm of UK lender Royal Bank of Scotland will be downsized as the firm pivots away from risky rates trading.

Risk-weighted assets (RWAs) for NatWest Markets plc, which contains RBS’s trading division, will be cut in half, to 10% of the group’s total in the medium term, chief financial officer Katie Murray said on an analyst call earlier today (February 14).

As of end-2019, NatWest Markets plc accounted for £35.2 billion ($45.8 billion) of RBS’s £179.2 billion of RWAs (20%)

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here