Bulletin: NatWest CEO's Sudden Resignation Should Not Alter The Bank's Strategic Direction - S&P Global Ratings’ Credit Research

Bulletin: NatWest CEO's Sudden Resignation Should Not Alter The Bank's Strategic Direction

Bulletin: NatWest CEO's Sudden Resignation Should Not Alter The Bank's Strategic Direction - S&P Global Ratings’ Credit Research
Bulletin: NatWest CEO's Sudden Resignation Should Not Alter The Bank's Strategic Direction
Published Jul 26, 2023
2 pages (1114 words) — Published Jul 26, 2023
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Abstract:

LONDON (S&P Global Ratings) July 26, 2023--S&P Global Ratings said today that it sees the unplanned resignation of the CEO of NatWest Group PLC (NatWest; BBB+/Stable/A-2), Dame Alison Rose, as a setback in the bank's recent track record of steady leadership and governance. However, the change in leadership is unlikely to alter the bank's strategy, financial policies, or risk management. The resignation relates to a decision by NatWest's private bank subsidiary, Coutts&Co. (not rated), to end a customer relationship. This is a prominent news story in the U.K. that continues to evolve, and we will assess any further developments as they occur. We expect that NatWest's disciplined U.K. banking strategy and cautious risk appetite will remain unchanged, and

  
Brief Excerpt:

...July 26, 2023 LONDON (S&P Global Ratings) July 26, 2023--S&P Global Ratings said today that it sees the unplanned resignation of the CEO of NatWest Group PLC (NatWest; ###+/Stable/A-2), Dame Alison Rose, as a setback in the bank's recent track record of steady leadership and governance. However, the change in leadership is unlikely to alter the bank's strategy, financial policies, or risk management. The resignation relates to a decision by NatWest's private bank subsidiary, Coutts & Co. (not rated), to end a customer relationship. This is a prominent news story in the U.K. that continues to evolve, and we will assess any further developments as they occur. We expect that NatWest's disciplined U.K. banking strategy and cautious risk appetite will remain unchanged, and we forecast strong earnings generation in 2023 and 2024. These strengths drove our upgrade of NatWest in April (see "NatWest Group PLC Upgraded To '###+' On Resilient Franchise And Strong Forecast Earnings; Outlook Stable,"...

  
Report Type:

Bulletin

Ticker
RBS@LN
Issuer
NatWest Group PLC
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
United Kingdom
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: NatWest CEO's Sudden Resignation Should Not Alter The Bank's Strategic Direction" Jul 26, 2023. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-NatWest-CEO-s-Sudden-Resignation-Should-Not-Alter-The-Bank-s-Strategic-Direction-3025379>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: NatWest CEO's Sudden Resignation Should Not Alter The Bank's Strategic Direction Jul 26, 2023. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-NatWest-CEO-s-Sudden-Resignation-Should-Not-Alter-The-Bank-s-Strategic-Direction-3025379>
  
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