Chief executive Derek Wanless offered these thoughts:
On NatWest's decision in 1985 to go into investment banking: "A defensive move. [Commercial banks] thought they had to do it to protect their relationships with corporate customers."
On the decision to withdraw from investment banking: "We see we don't need to be in investment banking to protect relationships with corporate customers."
On the penalties to NatWest of miscalculations made in common with other commercial banks: "We lost money on investment banking. But our core businesses have in no way been affected."
On NatWest's strategy now: "To be a tightly-focused UK-based bank with significant market share in our key business sectors."
On targets as chief executive: "17.5 per cent return on equity."
On bid target rumours: "We are part of a consolidating industry, and we have to keep our shareholders' interests in mind. But we are an independent business managing itself as an independent business."