NatWest to hike chief's pay as bank returns to full private ownership

Comments

• wewbull@feddit.uk ⁨6⁩ ⁨days⁩ ago

  So my question is, how much did the state invest and what was the return on that investment (index linked)?

  I’m sure NatWest are very happy not to be partly owned by the state.

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  • SubArcticTundra@lemmy.ml ⁨6⁩ ⁨days⁩ ago

    I imagine this could be found out with a FOI request

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  • FarceOfWill@infosec.pub ⁨5⁩ ⁨days⁩ ago

    Something like a 20% loss, before inflation. Figures will come out next year when it’s actually complete. Not sure if the government took money out in that time by dividend but it would be a bit weird to so I assume not.

    But then, the cost of not doing it would have been much much worse.

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    • wewbull@feddit.uk ⁨5⁩ ⁨days⁩ ago

      If true then something is fishy.

      The company was in trouble, so the initial investment should have been at a good price. The company has now recovered, and the states investment should have grown with it.

      How do you make a 20% loss on that?

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• tenebrisnox@feddit.uk ⁨4⁩ ⁨days⁩ ago

  While the UK spirals the economic waste bin, Nat West makes 18.3% profit this year (£1172 million).

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