Banks face tougher competition as profits boost from higher rates fades October 30, 2023 The UK’s major listed banks have warned that the tailwind from high interest rates that has driven bumper profits over the past year is coming to an end as lenders compete to offer better deals to customers. Barclays, Lloyds, NatWest, Standard Chartered and Santander reported third-quarter earnings last week, while HSBC released its results today. [...]
Alison Rose made ‘honest mistake’: Natwest-backed review into Farage scandal October 27, 2023 An internal review into the conduct of former Natwest boss Dame Alison Rose has concluded the CEO made an "honest mistake" when she leaked confidential information about Nigel Farage's finances to the BBC.
Natwest: Inconsistent Farage report will only make things worse for Rose and the bank October 27, 2023 Natwest hoped the Travers Smith report would see the bank move on from the Alison Rose Nigel Farage scandal. It might have made things worse, says editor Andy Silvester
Natwest shares sink: Vital profitability indicator slips but interim boss hails ‘strong bank’ October 27, 2023 Natwest saw net interest margin fall below 3 per cent but profitability remains good across the year
Ex-Natwest boss Alison Rose breached data rules in Farage debanking scandal October 25, 2023 Former Natwest chief executive Dame Alison Rose breached data protection rules during the Nigel Farage debanking scandal, the UK's data privacy watchdog has confirmed.
Former Natwest boss considering legal action over payoff decision: reports October 25, 2023 Natwest is widely expected to cancel £5.2m of long-term share options that Rose had accrued during her leadership.
Lender TAB secures up to £300m funding led by Natwest with focus on sustainability October 23, 2023 Lender TAB has secured an up to £300m round of funding with Natwest and Atalaya to support its bridging and mortgage products. The private securitisation facility will enable TAB to fund borrowers for up to ten years and leverage its ability to provide capital quickly, the firm announced on Monday. TAB, which is set to [...]
Lloyds, Natwest and Barclays in for a ‘tough quarter’ as pressure on interest income persists October 22, 2023 n results for the second quarter both Natwest and Barclays UK lowered their forecast for the full-year NIM on the back of an increasingly competitive deposit and mortgage market.
Six high-street banks including Santander, Barclays, HSBC, NatWest and Lloyds given ‘red’ warning over eco policies October 5, 2023 Six of the UK’s biggest high-street banks have been placed in a “red” warning category by consumer champion Which? over their fossil fuel investments and commitments to tackling climate change. JP Morgan Chase, Santander, Barclays, HSBC, NatWest Group and Lloyds Banking Group were exposed for having too weak green credentials. Just three of the UK’s [...]
Interest rates: no rise will be ‘welcome pause’ for banks September 25, 2023 The Bank of England's decision to leave interest rates on hold last week will come as a "welcome pause" to the UK's high street banks, analysts said.