Natwest says no evidence of discrimination in Coutts bank account closures December 15, 2023 Natwest, which owns Coutts, said lawyers at Travers Smith analysed 84 account closures in the two years to July 28, about a 10 per cent sample of all the relevant cases in that time.
Farage debanking row: Law changed so politicians are seen as lower risk December 15, 2023 It comes after Nigel Farage revealed that Coutts, owned by NatWest Group, had moved to close down his bank account, prompting a row over the current UK banking rules.
Banks to face ‘very serious consequences’ if they lie on ‘debanking’, FCA chief warns December 12, 2023 Banks will face "very serious consequences" if they are found to have lied about cases of so-called "debanking", the City watchdog’s chief warned today, as the fallout from a row between Nigel Farage and Natwest earlier this year continues.
‘London is thriving’ — business activity jumps in the capital despite inflationary pressures December 11, 2023 London saw the highest rate of business activity in November despite bearing the brunt of inflationary pressures.
Will the Natwest share sale plan really ‘get Sid investing again’? November 24, 2023 Natwest shares have sunk more than 24 per cent so far this year, with the bank’s stock cratering in its biggest one-day drop since Brexit after it reported weak third-quarter results at the end of October.
Natwest: Hunt plots ‘tell Sid’ sale of remaining government stake November 22, 2023 Hunt has revealed the government will look to offload its remaining stake in Natwest to retail investors over the next year as part of a bid to boost participation in public markets.
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.
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.
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.
Should firms be worried about Nigel Farage’s hope for a ‘debanking’ class action? November 15, 2023 Complaints about bank account closures have surged this year, according to the latest figures from the Financial Ombudsman.