NatWest Group has appointed Paul Thwaite as its permanent chief executive, as it revealed its highest yearly profit since before the 2008 financial crisis. Mr Thwaite succeeds Dame Alison Rose, who stepped down in the wake of the debanking row last year. The board of NatWest said the new boss was an “outstanding candidate and the right person to shape the future of NatWest”.
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00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:06 Here are your breaking business news headlines this morning.
00:10 The NatWest Group has appointed Paul Thwaite as its permanent chief executive, as it revealed
00:16 its highest yearly profit since before the 2008 financial crisis.
00:23 Mr Thwaite succeeds Dame Alison Rose, who stepped down in the wake of the debanking
00:28 row last year.
00:30 The board of NatWest said the new boss was an outstanding candidate and the right person
00:35 to shape the future of NatWest.
00:37 Meanwhile, the banking group revealed an operating pre-tax profit of £6.2 billion over 2023,
00:44 higher than analysts had estimated, and the highest profit since just before the global
00:48 financial crisis in 2007.
00:50 It was also up by a fifth compared with 2022.
00:55 So a new boss at NatWest as the banking giant announces a new permanent chief executive.
01:04 My name's Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post.