UK banks to post first results since interest rate cut October 20, 2024 Major UK banks are to reveal whether borrowers are benefiting from lower interest rates as they report third-quarter results over the next two weeks.
CBI says it has financial backing for return of flagship summit October 16, 2024 The Confederation of British Industry (CBI) has insisted it will have financial backing for its annual flagship summit next month as it returns for the first time since the group nearly collapsed last year.
KPMG and Natwest put the CBI back in business October 9, 2024 Companies renew their memberships to CBI offering hope for the firm's continuation
Meta: Instagram owner to expand UK bank data scheme in anti-fraud push October 2, 2024 Meta is to partner with more UK banks for a data-sharing programme aimed at tackling fraud, as tech giants come under pressure to address a surge in scams on social media.
Rachel Reeves could shuffle fiscal rules to invest £50bn in UK economy September 27, 2024 Rachel Reeves is hoping to make more than £50bn available to invest in the UK at next month’s budget by changing how the government measures debt in the fiscal rules. Senior government sources have told The Times that Reeves has asked officials to draw up options for allowing the government to offset assets against national [...]
Ex-Natwest boss Alison Rose joins City law firm as a DEI adviser September 17, 2024 Former Natwest chief Dame Alison Rose has been appointed as an advisor to English law firm Mishcon de Reya
Natwest chair says he ‘deeply regrets’ time at Petrosaudi after £1.3bn ‘scam of the century’ September 15, 2024 Natwest chairman Rick Haythornthwaite has expressed his regret and sadness for his role at the UK arm of oil company Petrosaudi, which was involved in a £1.37bn “scam of the century” against Malaysia’s sovereign wealth fund. Haythornthwaite said he took the role “in good faith” without knowing the existence of the fraud, which channelled money [...]
Lloyds, Barclays and Natwest could weather Labour tax raid, analysts say September 10, 2024 Lloyds, Barclays and Natwest would see their 2024 profits fall by “low single digits” if the Labour government decides to raise taxes on banks in October’s Budget, according to Bloomberg Intelligence. Bloomberg analysts said Lloyds Banking Group and Natwest would likely offset the hit to their profits by repricing their loans, while they did not [...]
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 [...]
‘There’s little room for caution’: Banks and fintechs gear up for AI revolution September 3, 2024 The financial services sector is leaning into the hype around artificial intelligence, as banking and fintech executives hail its potential to boost productivity and reduce costs.