NatWest Group plc (formerly The Royal Bank of Scotland Group plc) is a majority state-owned British banking and insurance holding company based in Edinburgh.
The group operates a wide variety of banking brands offering personal and business banking, private banking, insurance and corporate finance.
In the United Kingdom, its main subsidiary companies are National Westminster Bank, Royal Bank Scotland, Ulster Bank, NatWest Markets Coutts.
NatWest HQ
Still 60% state owned!
Further state reductions
On my watch list this one
Least Natwest held their hands up and admitted they were wrong but money talks when there receiving substantial deposits which they can make hundreds of thousands from investing it.
As a deterrent the potential fine they will receive needs to be higher than the money they’ve made from it.
Moreover, its more than likely that it will be tax payers picking up the bill as its majority state owned. So in effective one government body fining another 