Why Nationwide’s £7m boss was worth splashing the cash for Opinion Nationwide splashed the cash on it’s top boss, Debbie Crosbie, in this week’s column Samuel Norman asks if they got their monies worth. Nationwide has been proclaimed Britain’s best bank. The UK’s largest building society – which is, in fact, not a bank due its status as a mutual – has been handed the crown [...]
Natwest hikes dividend after profit hits post-financial crisis high Banking Natwest laid out plans to splash the cash to shareholders in its full-year earnings report on Friday as the bank’s profit reached its highest since the 2008 financial crisis. The FTSE 100 banking giant – which returned to private ownership in the last year – recorded pre-tax profit of £7.7bn in 2025 financial year, up [...]
NatWest nears £2.5bn Evelyn Partners takeover Banking NatWest Group is closing in on a £2.5bn takeover of Evelyn Partners, in what would be its biggest corporate acquisition since the bank’s taxpayer bailout in 2008. NatWest Group is in advanced talks to buy the wealth manager from its private equity owners, Sky News reported on Saturday, after seeing off competition from Barclays in recent days. An announcement [...]
Rachel Reeves could use bank windfall tax to plug Labour’s U-turns July 31, 2025 Rachel Reeves could launch a fresh tax grab on banks to plug the spending holes left by Labour’s recent U-turns, new analysis has found. The Chancellor is poised to hike taxes in the Autumn Budget after a series of government policy switches eroded her already wafer-thin fiscal headroom of £9.9bn. This comes as fresh research [...]
HSBC boss: Rachel Reeves hiking bank tax would dent growth July 30, 2025 The boss of FTSE 100 juggernaut HSBC has become the latest banking voice to warn Rachel Reeves against raising taxes on banks over fears it would harm economic growth. Georges Elhedery, HSBC’s chief executive, said on Wednesday any further financial pressures on lenders could spark trouble for the UK economy. “Additional taxation on banks runs [...]
Barclays joins FTSE 100 peers in warning against bank tax hike July 29, 2025 Barclays has become the latest banking giant to send a firm warning to Rachel Reeves to avoid bank tax hike as the Chancellor scrambles to maintain her wafer-thin fiscal headroom. The FTSE 100 giant’s boss CS Venkatakrishnan, known as Venkat, said the government’s mission for growth would not align with slapping a tax increase on [...]
Natwest boss: No path to growth without financial services July 14, 2025 The boss of banking juggernaut Natwest has issued a final plea to Rachel Reeves on the eve of her Mansion House speech, urging the Chancellor to fully unleash financial services’ growth potential. Paul Thwaite, Natwest’s chief executive, said there was “no path to growth without [financial services]” as he called for Reeves to make key [...]
British banking chiefs take a leaf from Elon Musk’s DOGE July 4, 2025 The chiefs of the UK’s Big Four banks are taking a leaf out of the Elon Musk playbook in their strident bid to slash costs. Natwest’s Paul Thwaite, Lloyds’ Charlie Nunn, HSBC’s Georges Elhedery and Barclays’ CS Venkatkrishnan are in the midst of major cost-cutting endeavours that bear similarities to Musk’s Department of Government Efficiency [...]
Is Natwest set for a deal spree after privatisation? May 27, 2025 As Natwest finally breaks from the shackles of government ownership, the banking juggernaut may be gearing up for an acquisition spree. The FTSE 100 giant is speculated to return to privatisation in a matter of days after the government accelerated its sell off over the last year. Shares in the firm rose one per cent [...]
Santander rejected £11bn Natwest bid for UK business May 9, 2025 Santander rebuffed an £11bn bid for its UK retail banking division from Natwest earlier this year because it was was too low. The two lenders are no longer in negotiations, according to people familliar with the matter cited by the Financial Times, despite consistent speculation about the fate of the Spanish financial juggernaut’s UK business. [...]