Market News / Story
NatWest Group pulls back from US and European government bond dealing - report
Seeking Alpha ·
Seeking Alpha reports: NatWest Group is stopping its primary dealing in the U.S. and European government bond markets, as it seeks to simplify its markets business structure, according to a media report on Thursday. The pullback will result in the loss of as many as 10 jobs, Bloomberg News reported, citing people with knowledge of the matter. The bank will continue to be a primary dealer in the UK bond market, said one of the people. Overall, the unit will shift toward financing, advisory,…