3 hours ago
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(AWP Alliance News) - NatWest released a transcript of a fireside chat between CEO Paul Thwaite and Barclays' head of UK and Irish banks Aman Rakkar at the Barclays Global Financial Services Conference in New York on Sept. 15, 2026. Thwaite pointed to a more supportive rate backdrop since February and said current conditions were "very supportive" of the bank's medium-term targets, while arguing it was not the time to reset them. He reiterated upgraded FY26 total income guidance of about GBP 17.9 billion, citing Q2 net interest margin of 249 bps and continued support from the structural hedge, while flagging a flattening NIM as balance-sheet growth shifts toward lower-margin areas.
On capital returns, he said surplus capital not needed for growth would be returned "as soon as possible," with buybacks brought forward by six months, following 137 bps of capital generation in H1 and guidance for more than 240 bps for the year before distributions. Thwaite said the Evelyn Partners deal, completed at end-June, had been integrated under one management team and was already generating referrals in both directions, while cautioning the group was only about 10 weeks into ownership.
https://docs.publicnow.com/8D1CF1AE1312C01C19AE93FF96723D7BEE9081E3
Disclaimer: This news brief was created using generative artificial intelligence. Natwest Group plc published the original content used to generate this news brief on September 18, 2026, and is solely responsible for the information contained therein.
