Natwest Share Discussion Threads

[johnwise] 22/8/2023 08:59

S&P Global cuts ratings on several US banks

Follows similar move by Moody's

S&P Global Ratings has downgraded and revised its outlook for multiple US banks, citing "tougher" operating conditions.

The move follows similar action by Moody's, warning funding risks and weaker profitability will likely test the sector's credit strength.

S&P downgraded the ratings of Associated Banc-Corp and Valley National Bancorp on funding risks and a higher reliance on brokered deposits. It also downgraded UMB Financial Corp, Comerica Bank and Keycorp, citing large deposit outflows and prevailing higher interest rates.

[polar fox] 21/8/2023 21:44

Bloomberg has something on NWG. I managed to rescue this bit:

The leadership upheaval at NatWest Group Plc sparked by the Nigel Farage account controversy now risks delaying the UK government’s plan to sell the remainder of its stake in the lender it rescued during the global financial crisis.

After the shock exit of Alison Rose last month, NatWest named its former head of commercial lending Paul Thwaite as interim chief executive officer for an initial period of 12 months. Several candidates, including Thwaite, are being considered for the role of permanent CEO, and the Edinburgh-based bank aims to first name a replacement for Chairman Howard Davies by Christmas, about six months earlier than schedule, according to people familiar with the matter.

unquote

No surprise that they want Davies out ASAP, which is how I interpret it. Leadership uncertainty is not what investors wish to see.

[polar fox] 21/8/2023 17:17

If you look at the charts above, you can see how BARC, LLOY and NWG all sold off during the auction, to close in poor shape. Not immediately clear why.
Another PDMR sale doesn't help NWG.

[superiorshares] 21/8/2023 07:14

This week's key wording

COUNTRY GARDEN!

[johnwise] 21/8/2023 07:08

Markets Week Ahead: Gold, US Dollar, Nasdaq 100, Treasury Yields, Jackson Hole, China

[johnwise] 21/8/2023 07:07

VIDEO

Fox Business

Biden's war on oil and gas will destroy the country:

'Kudlow.'

[superiorshares] 21/8/2023 07:04

John wise
The NHS pride of the EU

Can't find any link to Natwest 😀

[superiorshares] 21/8/2023 07:02

Dimknaf
Before you go to meet your little gang .
Are you sure Natwest is a European Bank ??

[dimknaf] 20/8/2023 22:16

Natwest will be one of the European Banks to be discussed at the London Value Investing Club on Thursday.

Personally, I believe that banks are very leveraged, and they either perform really well, or can hit shareholders. I am keen to learn about the relationship with the interest rates.

[superiorshares] 17/8/2023 23:46

Just having a cup of horlicks and a bedtime biscuit, and I got thinking well maybe the correction will come between now and the beginning of September ?

[superiorshares] 17/8/2023 22:18

I was just having a cup of Tea and a slice of fruit cake , and I got thinking about when could theis correction happen ?
Well I think its early September when Country Garden has to make payments on its debt . ( you would have thought it will default ? )
Also in early September you have the next round of interest rate meetings. The US and The UK all but guaranteed to raise .
The EU is the conundrum here , some of their members have inflation that dwarfs Britain's but the fourth reich has high inflation but is in recession. What will the fascist EU commission do ?
I think if they pause to help Germany it will have a very negative effect for the disaster that is the EU
Early September the tipping point?

[smurfy2001] 17/8/2023 15:13

FTSE100 has hit its lower trend line.

[johnwise] 17/8/2023 10:27

VIDEO
‘For a channel like ours to have gathered over a quarter of a million signatures, in short order, tells you it’s a real issue.’

Nigel Farage shows his support for GB News’ Don’t Kill Cash petition ahead of its delivery to Chancellor Jeremy Hunt today.


VIDEO
Don't Kill Cash | Liam Halligan on why cash petition matters ahead of its delivery to the Chancellor

[qantas] 17/8/2023 07:52

How Crispin Odey lost it all.

Please do your research as always.

[superiorshares] 16/8/2023 18:38

Don't fight the Fed
Don't fight

SS

[johnwise] 16/8/2023 16:01

Lack Of Action’: Bipartisan Group Of Lawmakers Demand Biden Admin Answer For Iranian ‘Intimidation’ Of US Companies


Republican and Democratic lawmakers pulled together to call on President Joe Biden to address “unprecedented intimidation” tactics from Iran that have prevented the transfer of seized oil from a tanker off the coast of Texas, according to a letter sent to Biden on Tuesday evening.

Republican Iowa Sen. Joni Ernst, along with lawmakers from the House and the Senate, demanded that Biden take action regarding $52 million of seized Iranian oil aboard the Suez Rajan tanker that has yet to be transferred to the U.S., despite having arrived off Galveston’s coast months ago, according to the letter.

The U.S. Coast Guard has already cleared the oil for transfer, but U.S. companies have been unwilling to unload it out of fear of retaliation from Iran,

[action] 16/8/2023 13:38

216p is good entry level.

[smurfy2001] 16/8/2023 11:43

UK lenders bet on inflation falling with mortgage rate cuts
Banks and building societies cut prices for fourth consecutive week, but charges remain higher than a year ago

[asdb9] 16/8/2023 11:42

Wow, how low will this go? 220 end of Aug?

[johnwise] 16/8/2023 10:23

‘We need a monetary policy review’: Industry reacts to ‘stubborn’ UK inflation figures

Several industry commentators call for the Bank of England to tread carefully amid a lack of confidence

UK core inflation remains “stubborn” and suggests that a further 50 basis-point interest rate hike is “not off the table”, according to some industry commentators, who warned that today’s CPI fall to 6.8% is no reason for investors to rest on their laurels.

[netcurtains] 16/8/2023 07:42

"Core CPI" changes every week or so - even daily or hourly - so as a measure of inflation its not really relevant and pretty much out of our control....
Putting up or lowering interest rates will have little effect on demand for these items or their international price.

[polar fox] 16/8/2023 07:12

CPI at 6.8 and RPI at 9.0 are exactly as expected.
But core CPI is up a tenth at 6.9 - the MPC won't be happy about that. So an increase on 21 Sept. still looks likely, but will it be 25 or 50, given yesterday's earnings numbers?