New Natwest chair faces questions over work done for firm involved in 1MBD scandal September 10, 2023 Natwest's new chair Rick Haythonthwaite has attracted attention over his work for Geneva-based oil firm Petrosaudi.
Mark Kleinman: Natwest chair’s in-tray, Skarbek’s return and the Tata Steel saga September 7, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Natwest to appoint Rick Haythornthwaite as new chair and he’ll take charge next April September 6, 2023 Natwest is preparing to appoint Rick Haythornwaite as successor to chair Howard Davies.
PEPs: Banks under renewed pressure as City watchdog begins review into treatment of politicians September 5, 2023 Financial services firms denying banking services to politicians will come under renewed scrutiny as the City watchdog launched its review into domestic politically exposed persons (PEPs).
“It’s Not About Diversity” September 5, 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 [...]
Banks raised savings rates to avoid ‘robust action’ from watchdog September 1, 2023 High street banks have been raising the rates on savings accounts after the City watchdog threatened to take action against firms.
Dame Alison Rose: Ex NatWest boss handed £2.4m pay package August 23, 2023 Former NatWest boss Dame Alison Rose’s pay package – reportedly £2.4m – has been branded a “sick joke” by Nigel Farage. Dame Alison quit her high-profile role as boss of NatWest, which also owns private bank Coutts over her handling of Farage’s account closure – which sparked a ‘debanking’ scandal. NatWest Group issued an RNS [...]
PwC UK profit drops against backdrop of ‘political and economic upheaval’ August 23, 2023 PwC UK reported a drop in annual profit against what it said was “a backdrop of political and economic upheaval”. The Big Four firm revealed its total group consolidated profit fell to £1.3bn for the financial year to 30 June, down from £1.5bn last year. It said, however, the previous year included a “one-off gain” [...]
Breakfasts are back! Why The Wolseley chose the City for its £10m new restaurant August 23, 2023 The owners of iconic restaurant The Wolseley gave the City a vote of confidence yesterday, saying it is the “perfect” location for its second site. The £10m The Wolseley City is set to open this autumn on the historic King William Street with a venue even bigger and more glamorous than the original, with features [...]
Public firms could be allowed to extract £50bn from staff pension schemes in bid to boost investment August 21, 2023 Public firms could be permitted to withdraw up to £50bn from staff pension schemes if government plans for a sweeping shake up of the industry’s rules go ahead. Returns on investments in government bonds – known as gilts – have seen workplace pension schemes go from being well in the red to significantly cashed up [...]