The bank formerly known as RBS was a symbol of pre-global financial crisis era excess when the sprawling lender, riddled with toxic assets, was bailed out by Britain's government in 2008.

The UK government has sold the last of its stake in NatWest, returning the bank fully to private hands 17 years after its £46bn bailout at the height of the financial crisis.

The Treasury received a total of £35.0 billion from its shareholding in the company, or £10.5 billion less than what it paid in the bailout.