City is ‘paying too much attention’ to inflation data, says bank governor November 22, 2023 The Bank of England governor Andrew Bailey further confused the City on the future path of interest rates.
Former Natwest fraud chief left after moonlighting for law firm that brings scam victim claims November 21, 2023 Natwest’s former head of fraud prevention quietly left his role earlier this year after the group found out he was moonlighting at a law firm specialising in bringing scam victim claims against banks.
Savings rates fall for first time in more than two years as banks slash deals November 21, 2023 Fixed savings rates have fallen across the board for the first time in more than two years, according to new data, as inflation cools and the Bank of England hold interest rates.
Coutts appoints Kleinwort’s Fahad Kamal as CIO in latest staff change November 20, 2023 Former Kleinwort Hambros chief investment officer Fahad Kamal has been appointed CIO at the private bank owned by Britain's Natwest, according to a post on LinkedIn on Monday.
Chancellor to allow ISAs to hold fractional shares in effort to boost investment: report November 20, 2023 Chancellor Jeremy Hunt is reportedly set to announce major changes to individual savings accounts in his autumn statement on Wednesday in an attempt to boost investment in UK companies.
Nationwide boss Debbie Crosbie rules out Natwest CEO job November 19, 2023 Nationwide's chief executive Debbie Crosbie has ruled out a move to Natwest as the troubled bank looks for a new boss.
Monzo close to deal with Alphabet for up to £500m funding round: report November 19, 2023 Alphabet, the parent company of Google, is reportedly in talks to acquire a major stake in digital bank Monzo in a boost for Britain’s fintech sector.
Amigo says talks for potential deal fell through – as liquidation looms November 17, 2023 If it cannot find a “viable alternative” there will be nothing left for shareholders and the business will need to be liquidated, Amigo said.
Nationwide posts profits boost as interest rates bolster income November 17, 2023 Nationwide posted a boost in payouts to members in the six months to the end of September as rising interest rates provided a boost to profits.
UK banking industry set to become ‘less competitive’ as taxes surge to new highs November 17, 2023 The banking sector contributed £41bn in the year to March, up £2.2bn from the previous year, according to the annual report from PwC for banking trade body UK Finance.