Weekly market commentary: NatWest shortcomings, mixed US Corporate results

TEAM Asset Management’s global weekly market review for week commencing 23rd October. TEAM Asset Management is a Jersey-based independent asset management company of AIM-listed parent, TEAM plc (LON:TEAM).

UK banks reported their third quarter outcomes which have had many investors scurrying for the exit.  NatWest Group was the standout with its shares falling 15% on the day of its announcement.  It guided its annual net interest income margin lower for 2023 as depositors are now being rewarded with more interest. 

TEAM plc (LON:TEAM) is building a new wealth, asset management and complementary financial services group. With a focus on the UK, Crown Dependencies and International Finance Centres, the strategy is to build local businesses of scale around TEAM’s core skill of providing investment management services.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Team plc

More articles like this

Team plc

Bridging the gender wealth gap

Empowering women in finance is crucial to bridging the gender wealth gap. Discover how Concentric is leading the way in promoting financial education and equality.

Team plc

Investor alert the wealth effect and market corrections

Market corrections are an inevitable part of investing. Since 1950, there have been 52 instances where markets have dropped by 10% or more, a phenomenon known as ‘correction territory’. While volatility can be unsettling, history reassures

Team plc

Concentric Group accelerates its growth with specialised divisions

Concentric Group has taken a significant step forward by introducing three distinct divisions, each designed to offer targeted expertise and solutions. This strategic move enhances its ability to align clients’ financial goals with optimised outcomes, leveraging

Team plc

Gold’s remarkable rise defies odds

In 2024, gold saw a historic +25% return despite market challenges, driven by central bank purchases. Learn why gold remains a trusted asset in uncertain times.

Team plc

US election sparks market resurgence and investor optimism

Donald Trump’s historic return to the political stage in 2024 reignited market enthusiasm, setting the tone for a quarter marked by optimism and growth. Trump’s decisive victory not only delivered a Republican clean sweep but also