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NatWest’s Ireland exit fails to address the elephant in the room of state ownership It’s hard to see how jettisoning its operation in the Irish Republic will help the taxpayer-controlled bank boost its share price 19 February 2021 • 2:00pm NatWest customers are used to the bank closing branches. Since 2015 its network has halved in size with more than 1,000 branches under either the NatWest or RBS brand shutting their doors permanently – equivalent to one every two day. It is a policy that jars somewhat with its claim to be “helping people, families and businesses to thrive”. Yes,...

The price of freedom is now NHS capacity It is the performance of the health service, not vaccine rollout, that will determine the lifting of restrictions 8 January 2021 • 7:00pm Back in 2012, I was a reporter covering the fallout from the last big disaster to befall this country: the financial crisis. Four years after its mega bailout, the chief executive of RBS, Stephen Hester, explained that the bank had chosen to double its losses but that this was “a good thing” because it meant recognising the consequences of poor decisions in the past much faster before. “It’s a slight Alice ...

During a conversation with Astrazeneca boss Pascal Soriot this year, the French executive remarked that British science and pharmaceuticals did not have to be losers from the UK's new relationship with the EU. In the same way as Soriot defied the odds in 2014, when he repelled a £69billion bid for the company from Pfizer, he regarded the Brexit rage from the science sector as misplaced. Sure, it would be a loss that the European Medicines Agency (EMA) would be moving from London to the Hague but it offered a real opportunity for the UK's Medicines and Healthcare products Regulatory Agency (M...

position. green back sliding to its lowest levels. japan's governor being quoted today saying the financial markets will eventually calm down. he says the japanese economy is on a steady path to recovery. as for the rest of asia today, take a look. south korea's central bank held interest rates steady. the central bank's cut in may was the last one for the year because south korea is on track to a recovery but in china shares tumbling to their lowest levels in six months. mainland markets re-opened after a three day holiday. we have more from our colleagues in just a couple of minute...

investors react negatively to the bank's ceo departure. >> we certainly engage with treasury on conversations about the right leadership for that sort of exercise given that stevens got quite a bit of years behind him and not too many ahead of him. you're watching "worldwide exchange," bringing you business news from around the globe. we kick off, looking at equities and the nikkei off 6% during the session, 6.35%. ke carrie is in tokyo. >> it was, indeed. 6.5% of the nikkei 225 and a big drop in the dollar/yen. a lot of factors playing out in the markets today. one that might have...