RBS takes axe to NatWest Markets

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%)

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