Editor of Russia’s state broadcaster says UK bank account frozen October 17, 2016 Russia’s state-run broadcaster has had its NatWest bank account frozen, according to its editor-in-chief. Margarita Simonyan tweeted today: “Our accounts in Britain have been blocked. All of them. ‘Decision not to be discussed’. Hail to freedom of speech!” Read more: US ends Syria ceasefire talks with Russia RT, formerly known as Russia Today, reported that NatWest [...]
Metro Bank now allows customers to choose non-binary Mx prefix instead of Mr or Mrs November 4, 2016 Metro Bank is now giving customers the option to choose a non-binary prefix "Mx" on forms. The lender said the option will be available to customers opening products like current accounts, as well as to staff. It made the change off the back of feedback from staff and customers, and said its relatively new status enabled it to [...]
Businesses phone action group to seek representation in action against controversial RBS division October 12, 2016 An action group set up solely to facilitate suing Royal Bank of Scotland (RBS) has received a large uptick in calls from businesses who wish to be represented in the wake of recent leaked reports into the actions of the bank's controversial restructuring division. RGL Management Limited (RGL) said that following the release of the "Dash for Cash" report by BuzzFeed [...]
FCA wants customers to shop around for the best bank interest rates and have revealed who gives the best returns on cash December 1, 2016 With interest rates at rock bottom levels we've all become accustomed to the fact we shouldn't expect much of a return from our bank accounts. And today, the UK's financial watchdog named and shamed the banks paying the lowest interest rates on cash savings accounts. Read more: City watchdog warns of asset management "market failure" [...]
A big year, but it won’t Trump 2016’s shocks January 6, 2017 2016's events made fools of most pundits, and looking back at my column exactly a year ago, I fared little better. True, I correctly said that Santander UK would re-engage in an effort to buy Royal Bank of Scotland's Williams & Glyn unit, but I was well wide of the mark arguing that the FTSE-100 [...]
They’re in the money: CYBG turns its first profit before tax in five years November 22, 2016 Clydesdale and Yorkshire Bank Group (CYBG) has today revealed a full year profit before tax, its first in five years. The figures The banking group turned a full year profit before tax of £77m for the year ended September 2016, compared with a £285m loss the year before. However, the company was still making a loss once tax was taken [...]
A fintech cluster greater than the sum of its parts June 26, 2017 One of Europe’s largest financial centres and an international technology hub, Edinburgh will play a leading role in driving the UK’s £20bn fintech industry and shaping a fast-moving global industry. Edinburgh’s financial credentials are beyond question. As the UK's second largest financial services centre, and the fourth largest in Europe, the city claims the lion’s [...]
NatWest’s online banking system is down September 28, 2016 NatWest's online banking system has gone down, leaving several customers unable to make payments. Users took to Twitter to complain about the lack of service. Anybody else having trouble with #Natwest lack of online banking service? — Jonathan M. Ratcliff (@JRatcliff01) September 28, 2016 https://twitter.com/mouseslatter/status/781126714776846337 Arg @NatWest_Help please sort your online banking issue. — Rebecca Brice [...]
Stop dithering over RBS share sale, MPs tell UKFI November 16, 2016 UK Financial Investments (UKFI) has today faced criticism that it is stalling on ditching the government's stake in Royal Bank of Scotland. In a hearing with the Treasury Committee, James Leigh-Pemberton, chairman for UKFI, and Oliver Holbourn, chief executive for UKFI, were grilled on why they were yet to make a call on what to do [...]
Security flaw leaves Halifax and Bank of Scotland customers exposed to fraud October 15, 2015 A security flaw could have left Halifax and Bank of Scotland customers exposed to online fraud, as customers’ account activities were left visible to anyone for as long as six years. No password was necessary to access personal account details, meaning that cyber crooks could have accessed accounts without needing to hack. It appears the breach [...]