Update: Market Chatter: NatWest to Withdraw From US, European Government Bond Markets
MT newswire2026/10/08 11:5507:55 AM EDT, 10/08/2026 (MT Newswires) -- (Updates with NatWest's statement in the third and fourth paragraphs.) NatWest (NWG) is pulling back from dealing in US and European government bonds and plans to withdraw from primary dealership programs in both markets, Bloomberg reported Thursday, citing people familiar with the matter and a company spokesperson. The bank plans to cut up to 10 jobs while remaining a primary dealer in the UK bond market and shifting NatWest Markets' focus toward financing, advisory and hedging activities, according to the report, citing the people. A NatWest spokesperson said the bank is "simplifying" its markets business structure and proposes to withdraw from European and US Primary Dealership programs. "The U.S. and Europe remain important markets for NatWest, and these changes will allow us to focus resources on areas where we can deliver the greatest value for customers and support future growth," the spokesperson said. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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