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UK to scrap NatWest share sale pre-election, say reports; Former Citi director alleges sacking over false report refusal

Plus: JPMorgan to pay $100mn settlement to CFTC, and more
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UK to scrap NatWest share sale pre-election, say reports; Former Citi director alleges sacking over false report refusalImage: Hollie Adams/Bloomberg

The UK is reportedly cancelling a planned sale of NatWest Group shares to the general public due to the country’s upcoming July general election.

The sale, aimed at promoting wider retail ownership of UK stocks and returning the bank to full public ownership, was planned by finance minister Jeremy Hunt, but the earlier-than-expected election means the decision on the sale will fall to the next government.

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