00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:06 Here are your breaking business news headlines this morning.
00:10 The NatWest Group has appointed Paul Thwaite as its permanent chief executive, as it revealed
00:16 its highest yearly profit since before the 2008 financial crisis.
00:23 Mr Thwaite succeeds Dame Alison Rose, who stepped down in the wake of the debanking
00:28 row last year.
00:30 The board of NatWest said the new boss was an outstanding candidate and the right person
00:35 to shape the future of NatWest.
00:37 Meanwhile, the banking group revealed an operating pre-tax profit of £6.2 billion over 2023,
00:44 higher than analysts had estimated, and the highest profit since just before the global
00:48 financial crisis in 2007.
00:50 It was also up by a fifth compared with 2022.
00:55 So a new boss at NatWest as the banking giant announces a new permanent chief executive.
01:04 My name's Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post.
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