NatWest bought back 392.4 million shares from the government at 316.2p per share.
,Since March 2024, the Government has not been a shareholder in NatWest stock. The government aims to continue to selling shares in the market until August 2025, according to Reuters.
,Earlier this week, NatWest faced backlash for a major outage on their mobile app during the UK bank holiday weekend.
Using payments data, privacy-enhancing technologies, AI and enhanced cooperation for a behavioural-based analysis approach to detecting money laundering networks is more effective than the current rules-based approach, concludes new research from the BIS Innovation Hub.
Nubank is doubling down on its AI-first strategy with the acquisition of Silicon Valley-based data intelligence outfit Hyperplane for an undisclosed fee.
Deutsche Bank is setting up an environmental, social and governance (ESG) centre of excellence in Singapore.
Alibaba Group has cancelled its plans to spin-off its cloud division due to uncertainties from US exports on AI chips.