{"id":111460,"date":"2026-08-26T12:48:12","date_gmt":"2026-08-26T12:48:12","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/111460\/"},"modified":"2026-08-26T12:48:12","modified_gmt":"2026-08-26T12:48:12","slug":"natwest-revives-us-expansion-plans-after-uk-ringfencing-rule-changes-report","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/111460\/","title":{"rendered":"NatWest revives US expansion plans after UK ringfencing rule changes \u2013 report"},"content":{"rendered":"\n

NatWest is seeking to rebuild its position in the US helped by changes to UK rules on overseas banking activities, reported the Financial Times. <\/p>\n

Recently, the lender received approval from the US Federal Reserve to open a representative office in Connecticut that would “act as a liaison with current and prospective US customers of the bank”. <\/p>\n

The bank already operates a US-licensed broker-dealer in Stamford, Connecticut, which carries out trades for institutional investors including hedge funds. <\/p>\n

This is the first notable effort by NatWest to expand in the US since the financial crisis. <\/p>\n

It follows revisions to ringfencing rules introduced by former chancellor Rachel Reeves. <\/p>\n

NatWest has adopted a stronger growth agenda since returning to full private ownership last year<\/a>, when the UK government sold its remaining holding in the lender, a stake originally taken during a \u00a345.5bn bailout. <\/p>\n

Earlier this year, the bank completed its \u00a32.7bn acquisition<\/a> of wealth manager Evelyn Partners as it looked to broaden its sources of income. <\/p>\n

Under its former name, RBS entered the US in 1988 through the acquisition of Citizens Financial Group, which became the basis for a series of further deals. <\/p>\n

However, the bank’s near failure during the financial crisis forced it to dispose of much of its overseas business, and it completed its exit from Citizens in 2015. <\/p>\n

At a similar point, it also sold a portfolio of US corporate loans to Japanese lender Mizuho. <\/p>\n

Since then, NatWest has kept only a limited US footprint, focused on supporting British clients operating there. <\/p>\n

“NatWest revives US expansion plans after UK ringfencing rule changes \u2013 report ” was originally created and published by Retail Banker International<\/a>, a GlobalData owned brand. <\/p>\n","protected":false},"excerpt":{"rendered":"NatWest is seeking to rebuild its position in the US helped by changes to UK rules on overseas…\n","protected":false},"author":2,"featured_media":111461,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21386],"tags":[45909,25812,7955,45827,12642,5,33370],"class_list":["post-111460","post","type-post","status-publish","format-standard","has-post-thumbnail","category-natwest","tag-citizens-financial-group","tag-connecticut","tag-natwest","tag-representative-office","tag-stamford","tag-uk","tag-us-federal-reserve"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117161892512357813","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/111460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=111460"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/111460\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/111461"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=111460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=111460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=111460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}