Natwest, HSBC, Lloyds face rules change in regulatory shake-up Banking A number of Britain’s top lenders will on Tuesday face a rules overhaul relating to regulations around de-banking customers. HSBC, Natwest and Lloyds are among the lenders that will have to comply with the new changes that are expected to afford customers improved protections when accounts are closed. New rules – which will come into [...]
‘It doesn’t work anymore’: Wealthy Brits snub UK property market in search of better returns Banking Affluent Brits are pulling out of the UK property market at pace, the boss of a major London bank has said, as high taxes, burdensome regulation and stagnant house prices prompt investors to look elsewhere for greater returns. Ian Rand, chief executive of Monument Bank, which caters for mass affluent account holders with six figures [...]
Has YouGov been barraged by Farage? Politics Nigel Farage has never been shy in locking horns with big business. Just ask Dame Alison Rose, whose stint at Natwest came to a sharp halt after a row with Farage over a debanking. The British banker resigned after Natwest admitted to “serious failings” in closing the Reform UK leader’s account at its high-net-worth subsidiary [...]
Michael Hayman elected chair of British Chambers of Commerce March 16, 2026 Michael Hayman has been elected the new chair of the UK’s leading business network, succeeding former management consultant Sarah Howard. Hayman will take the chair of the British Chambers of Commerce (BCC) after being picked unanimously by board members. As chair, Hayman will lead the network’s strategic direction as it supports business growth, lobbies the [...]
Why Natwest splashed the cash for a slice of the wealth management pie February 10, 2026 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 February 9, 2026 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 September 10, 2024 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.