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 [...]
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 [...]