Europe's Bank Bailout Era Draws to End With States Selling [Yahoo! Finance Canada]
NatWest Group plc American Depositary Shares (NWG)
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Source: Yahoo! Finance Canada
governments seek to draw a line under the financial crisis which gripped the region over a decade ago. Most Read from Bloomberg A recent stake sale in National Bank of Greece added to a program that has earned the government €3.5 billion ($3.8 billion) in the last 12 months and effectively transferred an entire sector back to private ownership. The pace of those sales makes Greece an exception, but it isn't alone in returning banks to investors. From Ireland and Italy to the UK and Germany, European governments are selling stakes they have held since the financial crisis. They're cashing in on soaring valuations to plug gaping budget holes, before falling interest rates start to weigh on bank profitability again. On Tuesday, the Netherlands announced plans to sell more shares in ABN Amro Bank NV and signaled it will give the lender more freedom to buy or sell businesses. The process has the potential to reignite banking consolidation and reshape an industry that has long tra
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NWG
Sec Filings
- 12/17/24 - Form SCHEDULE
- 12/13/24 - Form 6-K
- 12/13/24 - Form 6-K
- NWG's page on the SEC website