LONDON: British bank NatWest Group (NWG.L) upgraded its full-year income and profit guidance on Friday after higher lending and stable deposits helped it post a stronger-than-expected third-quarter attributable profit of £1.6 billion ($2.0 billion). The bank, one of Britain’s largest, reported a return on tangible equity (RoTE) – a key measure of profitability – of…
Tag: Return on Tangible Equity
Barclays lifts profit target, kicks off early $639 million share buyback
LONDON: Barclays BARC.L raised its key profit target and announced a fresh 500 million pound ($639 million) share buyback on Wednesday, citing strong performance and cost savings delivered ahead of plan, despite setting aside more money for a UK motor finance probe. The British bank now expects to deliver a return on tangible equity (RoTE)…