NatWest Eyes U.S. Growth as UK Ring-Fencing Rules Change
NatWest plans a renewed push into the U.S., enabled by January 2025 changes to UK ring-fencing rules that remove limits on ring-fenced banks setting up branches or subsidiaries outside the EEA. Strong profitability and timing support investment in growth, building on an existing U.S. broker-dealer serving institutional clients and aiming to diversify revenue.