Paul Thwaite

British banker

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Photo: Scottish Government, CC BY 4.0 (Wikimedia Commons, cropped)

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NatWest keeps third-quarter profit steady as it cuts 1,000 jobs amid AI rollout
NatWest reported an operating pretax profit of £2.2 billion for July to September while cutting about 1,000 full-time roles in the quarter. Cost savings of around £420 million pushed its cost-income ratio to 45.7% for the year to date.