The end of the UK’s ‘bailout era’
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
The Royal Bank of Scotland was once the biggest bank in the world. Then, hubris got the best of it. During the financial crisis the UK government spent £46bn to bail out the bank. Seventeen years and a rebrand to NatWest Group later, the government just sold its last shares in it and officially ended the country’s “bailout era”. The FT’s Akila Quinio analyses what this means for the economy and for NatWest.
Clips from ABC News, BBC, NBC
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For further reading:
The RBS story: how the world’s biggest bank was nationalised and then reborn
NatWest’s freedom dividend has already been cashed
NatWest must not forget its chequered past
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Follow Akila Quinio on X (@akilazoe). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.
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