LONDON—The British government has relinquished control of the former Royal Bank of Scotland for the first time since it bailed out the lender during the global financial crisis almost 15 years ago. The Treasury said Monday that it had sold 1.2 billion pounds ($1.6 billion) of shares back to the bank, now known as NatWest…
NatWest Pleads Guilty to US Fraud Charges, to Pay $35 Million
WASHINGTON—A unit of NatWest Group on Tuesday agreed to pay about $35 million and pleaded guilty to wire and securities fraud in relation to a long-running scheme by some of its traders to manipulate U.S. Treasury debt markets. The lender’s investment bank NatWest Markets admitted its traders engaged in schemes to manipulate U.S. Treasury markets…
NatWest Unit Pleads Guilty, Will Pay $35 Million to Resolve DOJ ‘Spoofing’ Probe
WASHINGTON—A unit of NatWest Group on Tuesday agreed to pay about $35 million and pleaded guilty to wire and securities fraud in relation to a long-running scheme by some of its traders to manipulate U.S. Treasury debt markets. The lender’s investment bank NatWest Markets admitted its traders engaged in schemes to manipulate U.S. Treasury markets…
Bags of Cash: NatWest Fined $351 Million Over Money Laundering
LONDON—NatWest has been fined 265 million pounds ($350.9 million) for failing to prevent the laundering of nearly 400 million pounds, capping the first criminal money laundering case against a British bank. The fine would have been north of 300 million pounds, but a deduction was made for the bank’s guilty plea, the judge said. A…
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