NatWest to Pay out GBP350 Million in Staff Bonuses, Sky News Reports
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Dow Jones
-- NatWest Group is finalizing proposals to pay out about 350 million pounds ($442 million) in staff bonuses ahead of its annual results, which are expected to be the most profitable since its rescue, Sky News reported citing unnamed sources.
--The lender's new bonus comes below the prior year's figure of GBP367 million and amid government plans for a retail share offer that could sharply reduce its 25% remaining stake in the bailed-out lender, Sky News.
-- NatWest wasn't immediately available for comment.
Full story: http://tinyurl.com/y7bheufe
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
February 12, 2024 01:59 ET (06:59 GMT)
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