Natwest Share Discussion Threads

[voicingdissent] 29/3/2023 17:06

The way we bank has significantly changed over the past few years, with more people opting to bank online.

This has caused a knock-on effect, with closures to major high-street banks taking place throughout the UK.

Figures show 5,162 bank and building society branches have closed since January 2015.

A further 206 branches are set to close by the end of 2023, according to Which? magazine findings, although figures vary.

Barclays has recently announced plans to close 14 more bank branches across England and Wales, including two in London.

The latest list of closures will take place in June in another blow for the struggling high street, on top of the 55 branches the bank announced were closing earlier this year.

As a result of nationwide closures, thousands of customers will have no access to their bank branches. They will also possibly face the reality of having their local banks shut forever, with around 32 different locations currently being affected.

According to the cash-machine network Link, 242 closures are scheduled for 2023, and some have already occurred this year. Barclays will close 54 branches, and 14 more closures were announced earlier this month.

HSBC is set to close 114 branches and NatWest will bring down the shutters on 52 branches. Meanwhile, Lloyds Bank will close 23 branches, which actually adds up to 257 closures. Nationwide, however, has promised to keep high-street branches till at least 2024.

[blackhorse23] 27/3/2023 12:52

Bought 888 holdings today

[polar fox] 26/3/2023 11:51

Off-market purchase, aka Directed Buyback, from HMT.

Just a heads-up that we may well see an RNS this coming week for another c.5% - that's if they want to do a deal before April. In '21, the RNS was on 19 March, last year they put it back to 28 March.

The latest TR-1 had HMT at 41.84%, so c.5% would see a reduction to 36% or so. In '21, HMT were at 60%, last year 48%, so around 36% would be right in line. If that pace were to continue, the gov't would be completely out during '26, but anything could happen to vary that of course, like a change of gov't next year, for example - if HMT is at 25% by next Spring, who knows what a different gov't might prefer to do?

No doubt the Treasury would welcome another £1+bn into its coffers for this year, let's see if it happens.

[johnwise] 26/3/2023 09:27

VIDEO

Edward Dowd, Founder of Phinance Technologies and former BlackRock fund manager, and Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, discuss the Federal Reserve's latest rate hikes, and why Dowd thinks Fed Chair Powell will be "forced" to cut rates by June of 2023, leading to a "controlled implosion" of the banking sector.

'Emergency' Fed rate cut by June, only 6 U.S. banks will be left by 2025 paving way for CBDC Digital Dollar - Dowd

https://www.youtube.com/watch?v=A2G3MAxdZfU

[zulu002] 25/3/2023 01:21

Brief history lesson: banks too big to fail. Look at the long term charts, there is up there is down. Be patient and don’t let trolls influence you during stressful times.

[gcom2] 23/3/2023 15:24

so boe today say no uk recessuonbut, they always get everything wrong so there will be one?confused

[blackhorse23] 21/3/2023 15:34

into LLOY , I think it should go 80p area soon , 2 billion buy back in place

[smurfy2001] 20/3/2023 20:00

NS&I you can lock for a year at 4%.

Almost 9m shares bought back today.

[spob] 20/3/2023 19:55

Government bonds

[delphiman] 20/3/2023 15:32

Where are the running depositors putting the money they take out, I guess its into another Bank lol

[delphiman] 20/3/2023 15:28

Every Bank in the World is at risk of the clients drawing all the money out always was always will be there is nothing ever that you can do about that

[arja] 20/3/2023 13:23

smurfy.
yes , this algo trading drives me mad but does throw up possibilities for we traders if if we are competing against a computer . Amazing turnaround in bank stocks today !

[skinny] 20/3/2023 09:12

Just when you think this can't happen again....

[smurfy2001] 20/3/2023 09:08

The computer algorithms driving this market not only taking banking stocks but stocks in every sector.

[suetballs] 20/3/2023 08:47

Casino stock market - why can’t peeps just do the basics. Boom and bust is not the answer.
Suet

[spob] 20/3/2023 08:39

All banks were insolvent in 2008

Interest rates were cut to zero to keep them artificially alive


Interest rates are on the rise again

And now we are seeing that nothing has changed since 2008

[prokartace] 20/3/2023 08:27

Worst performer down 7.5%. Why this bank in particular?

[delphiman] 17/3/2023 15:16

Think, nothing is wrong with NatWest, so very soon now, People will just say, buy them they are cheap, they are only selling because of sheep following one another and that's all there is to it, lots will get burnt and holders will have stocked up more, institutions will use it as an opportunity and will not be getting rid of there's, NatWest are buying back as well, all silly people following one another and are about to be set on fire, who in the right mind would not want to keep these shares now ha ha, roll on the opportunity to buy, enjoy.

[action] 17/3/2023 14:45

If nateest reaches low of the year 210p. That could be low for uk banks i recon. MM darling this one is.

[smurfy2001] 16/3/2023 23:28

Wow 9.8m shares bought ~£25m spent.

[polar fox] 16/3/2023 17:06

Yes, if it hadn't sold off in the auction, it would have closed just above 262, for a full recovery of the XD. But 9.80 is OK!

[skinny] 16/3/2023 16:35

A reasonable finish considering 10p ex-dividend today.