Bank left with costs from Sir Trevor McDonald-fronted campaign after early election halted rollout
Business live – latest updates
NatWest was forced to spend £24m on the former Conservative government’s aborted “Tell Sid” advertising campaign featuring Sir Trevor McDonald, which would have resulted in a chunk of the bank’s state-owned shares being sold to the general public in a highly anticipated privatisation drive.
The price tag emerged when the bank released its second-quarter results and announced it was snapping up a number of mortgages from the smaller rival Metro Bank for £2.4bn.
Continue reading…Bank left with costs from Sir Trevor McDonald-fronted campaign after early election halted rolloutBusiness live – latest updatesNatWest was forced to spend £24m on the former Conservative government’s aborted “Tell Sid” advertising campaign featuring Sir Trevor McDonald, which would have resulted in a chunk of the bank’s state-owned shares being sold to the general public in a highly anticipated privatisation drive.The price tag emerged when the bank released its second-quarter results and announced it was snapping up a number of mortgages from the smaller rival Metro Bank for £2.4bn. Continue reading…