MW A decade and a half after the global financial crisis, two governments are still reducing their bank stakes
By Steve Goldstein
The British and Irish governments separately announced on Tuesday they were trimming stakes in banks they've owned since the 2008-09 global financial crisis.
Ireland said it's reducing its stake in AIB Group (IE:A5G) to 12.5% from 17.5%, while Britain reduced its stake in NatWest (UK:NWG) to about 8% from 9%.
Banks across the globe were partly nationalized in the wake of the 2008-09 global financial crisis, as well as the ensuing eurozone debt turmoil.
The biggest U.S. banks that have received rescues, including Bank of America, Citigroup and JPMorgan Chase, have long ago exited nationalization.
The fates of government-backed mortgage giants Fannie Mae (FNMA) and Freddie Mac (FMCC) are still to be determined, with new Treasury Secretary Scott Bessent saying no conservatorship should be indefinite but also not providing any privatization plan during his confirmation hearing.
Germany ran into trouble this year when reducing its stake in Commerzbank (XE:CBK), as Italy's UniCredit swooped in to buy a stake in the German lender that it has now taken to 28% via derivatives.
-Steve Goldstein
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
January 28, 2025 07:33 ET (12:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。