NW spies chance to remove dead wood from cap stack

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NW spies chance to remove dead wood from cap stack

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Undated file photo of a branch of NatWest. High street lender Natwest is set to reduce its headcount by around 550 as it slashes jobs at its branches and those of the Royal Bank of Scotland. | Matt Crossick/PA

NatWest launched a new tender offer this week for four of its subordinated bonds, all of which are soon set to lose their value as regulatory capital.

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