Results for: Financial Market

NatWest has reported a significant decline in its mortgage lending, with a nearly 50% drop in the first quarter of 2023. The strategic decision to withdraw from the competitive mortgage market led to a decrease in new mortgage lending from £9.9 billion in 2022 to £5.2 billion in 2023. NatWest emphasized its focus on profitability amidst reduced demand and a surge in mortgage applications.

CNBC’s ‘Mad Money’ host, Jim Cramer, recently addressed the emergence of ‘brown shoots’ in the financial market. These brown shoots signify signs of improvement amidst an overall bearish trend. Cramer explains the potential impact of these brown shoots on investors and the market’s future trajectory.