Arbuthnot chief: High street banks’ push into wealth is no threat Banking One of London’s oldest private banking institutions has sounded off on the influx of the British banking giants looking to grab a slice of the wealth management pie. Andrew Salmon, the boss of Arbuthnot Latham, told City AM that when big bank rivals attempt to go “stratospheric” with their thresholds, it would benefit from its [...]
Natwest sells HR advisory arm in latest structure overhaul Banking Natwest has sold its human resources advisory arm to a private-equity backed rival in the latest deal by the banking giant on the road to streamlining its operations. The FTSE 100 titan has offloaded Mentor – its small business HR support service – to Empowering People Group, a specialist HR service backed by Limerston Capital. [...]
Has YouGov been barraged by Farage? Politics Nigel Farage has never been shy in locking horns with big business. Just ask Dame Alison Rose, whose stint at Natwest came to a sharp halt after a row with Farage over a debanking. The British banker resigned after Natwest admitted to “serious failings” in closing the Reform UK leader’s account at its high-net-worth subsidiary [...]
Revolut and Nationwide sharpen swords in battle to bank Britain March 25, 2026 If you had ‘Graham Norton sitting on a horse’ on your banking bingo card, congratulations. The BBC chat show host has swapped his famous sofa with a more equine-shaped seat in a TV appearance already sparking chatter among the upper echelons of the banking sphere. But take a closer look and beyond the Irish comedian’s [...]
Ministers are sacrificing growth for votes, say top business bosses March 23, 2026 Government ministers have undermined the UK’s long-term economic interests by becoming “trapped” into making poor short-term policy decisions to appease voters, Britain’s top business bosses have warned. The group of corporate leaders, which include Natwest chair Rick Haythornthwaite, Heathrow chair Philip Jansen and Barratt Redrow chair Caroline Silver, said successive governments have failed to prioritise [...]
Revolut poised to hit Natwest and Lloyds in deposit war March 20, 2026 Revolut’s long-awaited UK banking licence approval is set to trigger a “deposit war” that could hand a major blow to incumbent giants Natwest and Lloyds. The $75bn fintech juggernaut finally bagged its full-fat UK banking permit earlier this month after a four-year tussle with regulators. Analysts are expecting the move to send ripples across the [...]
Banks keep £100 contactless limit despite new powers March 19, 2026 Britain’s banks will not be lifting the £100 cap on contactless payments despite the regulator giving them the power to do so, citing low demand. The Financial Conduct Authority (FCA) lifted the cap on Thursday, leaving it up to banks to increase their own limits – although none of the UK’s biggest banks have decided [...]
Natwest and Lloyds shares sink as Iran tensions drag FTSE 100 into red March 19, 2026 The FTSE 100 was treading slightly above the 10,000 mark on Thursday as fears grew that the index could slip underneath the milestone. London’s blue-chip index fell 2.7 per cent by the afternoon to lows of 10,002.30p. It came as shares in a number of the City’s banking giants led the FTSE 100’s downturn this [...]
City AM Awards 2026: Meet the Finalists March 18, 2026 The City AM Awards are back and this year our finalists are stronger than ever. Our judges now have the task of voting for an overall winner in each category, to be announced at the Guildhall on May 6. And the nominees are…. Personality of the Year Greg Jackson CBE The entrepreneur and CEO of [...]
Cash incentives keep Brits sticking with the high-street March 18, 2026 Digital banks are luring a number of Brits away from traditional providers, but cash incentives are leading many to stick with high-street banks. Almost 50 per cent of UK adults have now opened a digital only bank account, a near 10 per cent increase from last year, according to the latest report from comparison site [...]