NatWest Group plc (NWG)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of NatWest Group plc (“NatWest Group” or “the Company”) (NYSE: NWG). Investors who purchased NatWest Group securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether NatWest Group has violated federal securities laws.
On October 27, 2023, NatWest issued a press release admitting “serious failings” in the Bank’s treatment of Nigel Farage, a former politician and TV host whose account was closed this summer at Coutts, one of NatWest’s subsidiaries. Specifically, an independent review commissioned by the NatWest Board of Directors found that the decision to shutter Farage’s account had been lawful and in line with internal policies, but the Bank made mistakes in how it reached the decision, handled related confidential information, and communicated with Farage. Following this announcement, the UK’s Financial Conduct Authority announced that same day that it had opened a probe into NatWest and Coutts after the independent indicated a potential breach of regulations, including those related to the process of closing accounts and the handling of customer complaints. On this news, NatWest’s stock price fell $0.66 per share, or 13%, to close at $4.42 per share on October 27, 2023.
If you are aware of any facts relating to this investigation or purchased NatWest Group securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
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Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]