NatWest (NWG) Signs Agreement to Acquire Sainsbury's Bank

NatWest Group plc (NWG) has announced an agreement to acquire the retail banking assets and liabilities of Sainsbury's Bank plc. This acquisition aligns with the company's growth strategy, adding scale and boosting its market presence in competitive areas. Paul Thwaite, NatWest Group CEO, highlighted the transaction as a strategic opportunity to expand the bank's retail banking business, especially in the unsecured personal lending and credit card sectors. The company aims to leverage its expertise and digi ...