NatWest Group is trading 4.39% lower at £658.20 amid a global bond sell-off; no clear company-specific announcement explains the move.
- UK 30-year gilt yields reached 6%, while the FTSE 100 fell about 2%; other major UK banks also declined.
- Reporting attributed bank weakness to investor concerns about slower lending and rising bad debts despite higher rates.
- The committee-chair succession was announced on September 29 and took effect October 1.