Coutts boss Peter Flavel resigns over Farage account closure July 27, 2023 The boss of private bank Coutts has resigned for his part in the closure of Nigel Farage’s bank account. Peter Flavel’s resignation follows the departure of Natwest boss Dame Alison Rose in the early hours of Wednesday morning and comes as pressure grows on other members of the Natwest board to step down over the [...]
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.
Natwest should have stuck to its guns and kept politics out of the City July 26, 2023 Even the most trigger-happy of football chairmen usually leave a few days or weeks in between expressing full confidence in a manager and giving them the heave. Natwest board supremo Lord Howard Davies gave Alison Rose a matter of hours. What happened between the announcement just before 6pm that the Natwest CEO would be staying, [...]
NatWest, Lloyds, HSBC, Barclays and Santander leaders meet Jeremy Hunt in ‘productive’ mortgage crisis talks June 23, 2023 Bank bosses held a “productive” meeting with Chancellor Jeremy Hunt as the rates increase worsens the mortgage crisis. Natwest chief executive Alison Rose, speaking to reporters as she left Downing Street, said lenders were “doing everything we can” and were “very keen” to help customers. Lloyds Banking Group boss Charlie Nunn described the meeting as [...]
Natwest: Interim Paul Thwaite to be named as permanent CEO February 14, 2024 Natwest’s board is reportedly naming Paul Thwaite, its current interim chief executive, as the permanent head of the taxpayer-backed bank.
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
Former Natwest boss considering legal action over payoff decision: reports October 25, 2023 Natwest is widely expected to cancel £5.2m of long-term share options that Rose had accrued during her leadership.
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 [...]
Record 150,000 new firms founded by women last year, Natwest report reveals February 22, 2023 A record 150,000 new firms were founded by women last year, according to a major review by Natwest chief executive Dame Alison Rose. New figures outlined in the Rose Review Progress Report for 2022 show female entrepreneurs started twice as many companies last year as they did in 2018, despite the challenging economic environment. There [...]
Investment bank downgrades Natwest amid profit warnings, share price slip and leadership questions October 30, 2023 Natwest's stock fell 1.8 per cent in London on Monday morning after reporting third-quarter results on Friday.