Why Natwest splashed the cash for a slice of the wealth management pie Banking Natwest has opened its wallet for its biggest deal since the financial crisis, as the bank revives its appetite for acquisitions after the remaining government-owned shares in the business were finally sold. But after the FTSE 100 firm watched its share price sink into the red on Monday, will there be a sense of buyer’s [...]
Natwest shares sink after bank unveils £2.7bn wealth deal Banking Natwest has beat its banking rivals to snap up wealth manager Evelyn Partners and laid out plans to kick off a new round of shareholder returns. The FTSE 100 banking giant, which returned to privatisation last year, said it had sealed a £2.7bn deal to purchase the firm from its private equity owners Permira and [...]
Sex workers are the forgotten victims of debanking Opinion Banks are systematically discriminating against sex workers and putting them at risk of doxxing, financial exploitation and violence, says Jessica Van Meir A new Financial Conduct Authority report has slipped out quietly, addressing concerns around debanking, and containing a pretty revolutionary admission. The City watchdog says banks are systematically denying or terminating accounts to adult entertainment businesses, [...]
Banks could do more to support debanking victims, FCA finds September 4, 2024 The Financial Conduct Authority (FCA) has said banks could do more to support those who want an account, after finding that several providers could make it easier to apply for one. A new FCA report has urged banks to increase awareness of basic accounts that allow people to make and receive payments but do not [...]
Former NatWest boss Samuel Okafor named CEO of inclusion campaigner Kick It Out June 24, 2024 The 42-year-old worked his way up from customer service advisor to executive director at NatWest-owned Coutts.
Dame Alison Rose takes first job since leaving Natwest after Nigel Farage debanking storm June 11, 2024 Dame Alison Rose has taken up her first job since leaving Natwest last year in the aftermath of the Nigel Farage debanking storm over his Coutts account.
Coutts under pressure for pulling £2bn out of London stock market May 2, 2024 Royal bank Coutts is facing criticism from City figures over plans to pull roughly £2bn of clients' funds out of London's stock market.