Bank improves both income and profit as it plans a share buyback

NatWest on 17 February posted a rise in pretax profit for the fourth quarter of 2022, which came in slightly ahead of market views, and said it intends to start a share buyback program of up to £800m in the first half of 2023.

The UK bank posted a pretax profit of £1.43bn for the three months to 31 December, compared with £543m for the fourth quarter of 2021, against the £1.40bn expected in a company-compiled consensus.

NatWest launches £800m buyback after profit beats estimates

Elena Vardon

NatWest

Earnings

Evelyn Partners’ private equity backers target NatWest and RBC for potential sale

Deutsche Bank wants more UK private bankers

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Milbank hires private equity M&A rising star in Germany

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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