Barclays, Natwest and Revolut: Top bankers chew the fat at City summit Banking Executives, investors and even royalty turned out for the first day of Financial Times’ annual Global Banking Summit in London on Tuesday.
Should investors sell stocks at 52-week high? Opinion Natwest Group shares reached their 52-week (and 13-year) high earlier this month, closing near 390p per share on 4 November. The new peak was reached after leading broker Peel Hunt upgraded the bank’s price target from 410p to 450p. The share price has surged by more than 50 per cent since the UK government gave [...]
UK banks brace for Budget tax raid despite lobbying efforts Banking UK banks are bracing for a tax raid in Labour's maiden Budget as new analysis reveals the sector is already paying a significantly higher rate than counterparts in the US and EU.
UK banks to post first results since interest rate cut October 20, 2024 Major UK banks are to reveal whether borrowers are benefiting from lower interest rates as they report third-quarter results over the next two weeks.
CBI says it has financial backing for return of flagship summit October 16, 2024 The Confederation of British Industry (CBI) has insisted it will have financial backing for its annual flagship summit next month as it returns for the first time since the group nearly collapsed last year.
KPMG and Natwest put the CBI back in business October 9, 2024 Companies renew their memberships to CBI offering hope for the firm's continuation
Meta: Instagram owner to expand UK bank data scheme in anti-fraud push October 2, 2024 Meta is to partner with more UK banks for a data-sharing programme aimed at tackling fraud, as tech giants come under pressure to address a surge in scams on social media.
Rachel Reeves could shuffle fiscal rules to invest £50bn in UK economy September 27, 2024 Rachel Reeves is hoping to make more than £50bn available to invest in the UK at next month’s budget by changing how the government measures debt in the fiscal rules. Senior government sources have told The Times that Reeves has asked officials to draw up options for allowing the government to offset assets against national [...]
Ex-Natwest boss Alison Rose joins City law firm as a DEI adviser September 17, 2024 Former Natwest chief Dame Alison Rose has been appointed as an advisor to English law firm Mishcon de Reya
Natwest chair says he ‘deeply regrets’ time at Petrosaudi after £1.3bn ‘scam of the century’ September 15, 2024 Natwest chairman Rick Haythornthwaite has expressed his regret and sadness for his role at the UK arm of oil company Petrosaudi, which was involved in a £1.37bn “scam of the century” against Malaysia’s sovereign wealth fund. Haythornthwaite said he took the role “in good faith” without knowing the existence of the fraud, which channelled money [...]