Crisis-hit CBI strikes emergency funding deal with banks September 24, 2023 The CBI has managed to secure emergency funding after the race to raise cash forced the scandal-hit lobby group to cancel its annual general meeting last week.
NatWest says ‘no customer will be left out of pocket’ after cash deposit glitch September 22, 2023 NatWest said it has resolved an issue with its cash machines after some of the bank’s customers reported problems with their accounts. A number of people took to social media site X, formerly Twitter, throughout Thursday complaining money they had deposited in their NatWest accounts was missing. Others expressed concerns they would accrue fees after [...]
“It’s not about diversity” September 21, 2023 The idea that companies should look out for people other than themselves is a simple one. But it has spawned all sorts of complicated-sounding acronyms, from CSR (Corporate Social Responsibility) to CSV (Creating Shared Value) and, of course, ESG. One such is D&I (Diversity and Inclusion). For Joel Blake OBE, Founder of GFA Exchange, an [...]
Mark Kleinman: The must-read column September 21, 2023 Mark Kleinman gets the Square Mile talking in his weekly City A.M. column: this week on the CBI's latest travails, a two-horse race at Co-operative Bank and a search for a charity chair
Banks not closing accounts due to political views, FCA finds September 19, 2023 Banks have not been closing customer accounts for political reasons, according to the initial findings of an investigation by the FCA.
Farage debanking an outlier, reckons City watchdog’s investigation September 19, 2023 The bosses of both Coutts and Natwest quit after Nigel Farage was ‘debanked’ but an FCA report is expected to say it is not usual practice
FTSE 100 close: London markets surge after ECB’s ‘dovish’ 25bps hike September 14, 2023 The ECB is set to announce its latest interest rate decision at 1.15pm London time, and economists are divided about what the result will be.
Fintechs are being forced to play second fiddle by banks’ anti-competitive practices September 14, 2023 If ministers can intervene over Nigel Farage’s bank account, they can force banks to give up their iron grip on the credit system
1 Lombard Street and Coq d’Argent turn 25: How two restaurants changed the City September 13, 2023 A quarter of a century ago, the City was a very different place. Back then men in suits – and they were still mostly men – would commute in early, spend a few hours at their desk before taking a long, usually boozy lunch. After work, they would either decant to the West End or [...]
The Notebook: Ian Whittaker on brand activism, the price of streaming and why you should give the 5am wake-up call a try September 13, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s leading City analyst Ian Whittaker Why businesses now have another worry on their list: the politics of their consumers The story of Bud Light is set to become a textbook classic of marketing courses everywhere. For those who are not [...]