HSBC share price slides after RBC downgrades stock November 22, 2023 Shares in HSBC fell as much as 1.8 per cent today after RBC cut its recommendation on the stock, forecasting a $5bn headwind from falling interest rates.
Former Natwest fraud chief left after moonlighting for law firm that brings scam victim claims November 21, 2023 Natwest’s former head of fraud prevention quietly left his role earlier this year after the group found out he was moonlighting at a law firm specialising in bringing scam victim claims against banks.
Coutts appoints Kleinwort’s Fahad Kamal as CIO in latest staff change November 20, 2023 Former Kleinwort Hambros chief investment officer Fahad Kamal has been appointed CIO at the private bank owned by Britain's Natwest, according to a post on LinkedIn on Monday.
Nationwide boss Debbie Crosbie rules out Natwest CEO job November 19, 2023 Nationwide's chief executive Debbie Crosbie has ruled out a move to Natwest as the troubled bank looks for a new boss.
Should firms be worried about Nigel Farage’s hope for a ‘debanking’ class action? November 15, 2023 Complaints about bank account closures have surged this year, according to the latest figures from the Financial Ombudsman.
From Alison Rose to water exec bonuses, massive payouts are killing productivity November 15, 2023 Execs bonuses have gone from 30 times employee pay, to 300 times employee pay in 50 years.
The Notebook: Michael Martins on how UK PLC can prepare for a second Trump presidency November 14, 2023 Michael Martins, former US Embassy London political and economic specialist, talks Trump's America, AI's culture problem and his best book of the year.
Activity contracts across three-quarters of UK regions — but London remains ‘bright spot’ November 13, 2023 London remained the UK's top-performing region, with the business activity index coming in at 53.8. The 50-mark separates growth from contraction.
Nigel Farage to launch legal battle with NatWest over debanking saga November 11, 2023 Nigel Farage is to launch a legal fight with NatWest over the debanking saga which culminated in the resignation of chief executive Dame Alison Rose. The former Ukip leader said he is instructing lawyers to take action against NatWest Group, with the aim of turning it into a class action. The banking giant has sought [...]
Natwest clears former chief Alison Rose of misconduct in Farage debanking row November 10, 2023 Natwest's board confirmed this morning that there will be no bonus or variable remuneration paid to her in respect of service during 2023.