Group says competition for savers’ cash is putting pressure on its finances
NatWest has downgraded its profitability outlook and warned that competition for savers’ cash is putting pressure on its finances, sending the bank’s shares plunging.
Investors were spooked by a predicted drop in NatWest’s net interest margin (NIM) – which accounts for the difference between what is charged for mortgages and paid on savings and is a key measure of banks’ profitability.
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