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The british media at it again with the scare tactics lol Only 750 houses were repossessed in the first 3 months of the year. Anyone with half a brain would put the house up for sale if they cannot afford the mortgage payments.
Natwest boss Dame Alison Rose said the bank was seeing “no material signs of distress” in its loan book despite the impact of rising interest rates.
Speaking at the Goldman Sachs financial conference, Rose said: “We have seen no increase in defaults or impairments and the same on the business side… What we’ve actually seen is an increase in confidence.”
Full article below
https://www.cityam.com/natwest-boss-alison-rose-says-theres-no-material-signs-of-distress-in-loan-book-despite-impact-of-rising-rates/
Half year should be good for NWG
Marshal Wace have reduced their as of yesterday.
https://www.shorttracker.co.uk/company/GB00BM8PJY71/
Share price has been declining since the 14th June I think the below has something to do with it, debt securities.
https://investors.natwestgroup.com/regulatory-news/company-announcements