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The transcript discusses NatWest's new strategy, focusing on restructuring its markets to better align with current economic needs. It highlights the importance of maintaining strong currency and financing lines while reshaping the business to be more connected with corporate customers. The discussion covers financial performance, cost-cutting measures, and the impact of regulatory changes. NatWest aims to manage capital effectively, ensuring shareholder returns through dividends and potential share buybacks. Additionally, the company is committed to reducing carbon emissions and supporting the transition to a low-carbon economy.

What is the primary goal of the new strategy for NatWest Markets?

• To align business lines with the current economic environment

• To focus solely on digital banking

• To increase the number of corporate customers

• To expand into new international markets

What is the target cost reduction for NatWest Group in the upcoming year?

• 310 million

• 250 million

• 200 million

• 400 million

What is a significant factor affecting the net interest margin for NatWest?

• Increased competition

• Rising operational costs

• Low rate environment

• High inflation rates

How does NatWest plan to address the challenges posed by regulatory changes?

• By increasing interest rates

• By reducing the workforce

• By expanding into new markets

• By resizing NatWest Markets

What is NatWest's approach to climate change in its strategy?

• To focus on short-term profits over sustainability

• To invest in fossil fuels

• To work with customers to transition to a low-carbon economy

• To ignore climate change as it does not affect banking

What is the initial capital target for NatWest by the end of 2021?

• 12%

• 13%

• 14%

• 15%

What opportunity does NatWest see in the area of climate change?

• A reason to cut down on digital investments

• A chance to reduce customer base

• An opportunity to increase fossil fuel investments

• A great area of opportunity for banking