National Westminster Bank Plc

National Westminster Bank Plc

National Westminster Bank Plc

Overview
Date Founded

1968

Headquarters

135 Bishopsgate,London, London & South East EC2M 3UR

Type of Company

Public

Employees (Worldwide)

51.7K

Industries

Investment Services & Portfolio Management

Company Description

In 1968 National Provincial Bank (est.1833) and Westminster Bank (est.1836), merged as National Westminster Bank. Together these banks could trace their history back down the centuries through a lineage of prestigious constituents, dating back to the 1650s. The announcement completely surprised the City and the public, but to both banks the advantages were apparent - the merger enhanced balance sheet strength, created opportunities to streamline the branch networks and enabled greater investment in new technology. The statutory process of integration was completed in 1969 and National Westminster Bank commenced trading on 1 January 1970, with the three-arrowheads symbol as its logo. The new bank, with 3,600 branches, developed a wide range of new services, including the bank's first credit card, Access, in 1972, and computer-linked cash dispensers, Servicetills, in 1976. Deregulation in the 1980s, culminating in 'Big Bang' in 1986, also encouraged National Westminster Bank to enter the securities business. County Bank, the Group's merchant bank, acquired stockbroking and jobbing firms to create NatWest Investment Bank. Meanwhile, the International Banking Division looked to provide international banking services to large companies and to focus on expansion in the USA, the Far East and Europe. In the 1980s new services were developed such as telephone banking and touch-screen share dealing to assist the government's privatisation programme. The 1980s also saw the National Westminster Home Loans established in 1980 and the Small Business Unit in 1982. The Switch debit card extended the electronic transfer of money to point of sale in 1988. In the 1990s financial services markets world-wide underwent massive change and in response the bank refocused its activities, exiting from a number of markets and adopting the title of NatWest. In March 2000, The Royal Bank of Scotland Group completed the acquisition of NatWest in a £21 billion deal that was the largest take-over in British banking history. NatWest is now part of one of the world's largest financial services group

In The News
SNL European Financials Daily
December 2, 2020
NatWest, Santander to sell 5.6% stake in Saudi British Bank
SNL European Financials Daily
November 18, 2020
HSBC, NatWest looking to sell derivatives portfolio IFR
SNL European Financials Daily
November 16, 2020
NatWest to streamline Northern Ireland ops, eyeing Sainsbury's Bank
The Daily Mail and Mail on Sunday (London)
October 25, 2020
BANKS STOCKPILE CASH FOR BUMPER BONUSES
Executives & Employees

Chief Executive Officer

Executive Director & Chief Financial Officer

Chief Transformation Officer

Head of Financing & Risk Solutions, US

Co-Head of Currencies & Head of Currencies Sales Currencies Structuring

Co-Head, Currencies

Chief Operating Officer, Commercial Banking

Director of EMEA Corporate Bond Trading

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National Westminster Bank Plc
Recent Transactions
Details Hidden

Higsons Ltd. purchases S Berry & Co.

Details Hidden

Wavex Technology Ltd. /Management purchases Wavex Technology Ltd. from Wavex Holdings Ltd.

Details Hidden

Advent International Corp., Equiniti Group Plc purchase Natwest Stockbrokers Ltd. /Corporate & Employee Services Div from National Westminster Bank Plc

Transaction Clients
Investment Advisor

Advised on Emdeon Corporation purchases Medical Manager Corp. (New Jersey)

Investment Advisor

Advised on Allen Munro Transport Ltd. /Management purchases Allen Munro Transport Ltd.

Investment Advisor

Advised on Allen Munro Transport Ltd. /Management purchases Allen Munro Transport Ltd.

Transaction Advisors
Legal Advisor

Advised onThe Sweater Shop /Management purchases The Sweater Shop

Legal Advisor

Advised onNational Westminster Bank Plc purchases Gartmore High Income Trust Plc

Legal Advisor

Advised onBritish Fuels Plc /Management purchases British Fuels Plc

Legal Advisor

Advised onPhotoBox Ltd., Photoways, Inc. purchase Moonpig.com Ltd.

Legal Advisor

Advised onPhotoBox Ltd., Photoways, Inc. purchase Moonpig.com Ltd.

Legal Advisor

Advised onPhotoBox Ltd., Photoways, Inc. purchase Moonpig.com Ltd.

Advisors & Consultants
Legal Advisor

Partner at Schulte Roth & Zabel LLP

Legal Advisor

Partner at Schulte Roth & Zabel LLP

Legal Advisor

Partner at DLA Piper

Key Stats and Financials As of 2019
Market Capitalization
Total Enterprise Value
Earnings Per Share
Revenue
$14.2B
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