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The Latest Breaking News from NatWest

NatWest cuts mortgage interest rates for second time in four days

It comes after Andrew Bailey yesterday signalled that the Bank of England could soon be finished raising interest rates

Evening Standard

NatWest plays it safe with new chairman Rick Haythornthwaite

Sir Howard Davies’ replacement has enough City experience to move bank on from Coutts fiasco

The Guardian - UK

NatWest picks boardroom veteran Haythornthwaite to succeed under-fire chair Sir Howard Davies

Haythornthwaite will take over from Davies in April of next year

Evening Standard

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NatWest names ex-Centrica boss as chair after Farage saga

Rick Haythornthwaite, who leads boardrooms of Ocado and the AA, will succeed Howard Davies

The Guardian - UK

HSBC and NatWest cut mortgage rates again as rivals tipped to follow

Decision will ease some pressure on UK homebuyers and people seeking remortgage deals

The Guardian - UK

NatWest and HSBC cut mortgage interest rates again, and brokers predict other top lenders will follow

The UK’s top lenders have now been cutting mortgage rates for six weeks

Evening Standard

Why CEOs and footballers attract different levels of outrage about high pay

The average pay of FTSE100 CEOs rose by 16% from £3.38 million in 2021 to £3.91 million in 2022, according to the latest figures from thinktank the High Pay Centre. In the same week this was reported, UK political figure Nigel Farage called outgoing NatWest boss Alison Rose’s £2.4 million…

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‘Ethical’ bank let Rose West keep account

Bosses at the organisation deemed keeping West as a customer carried little risk to the bank’s reputation

The Independent UK

NatWest chief ousted over Nigel Farage accounts row in line for £2.4m payout

Bank to pay salary, pension and shares to Alison Rose, who resigned at end of July, during 12-month notice period

The Guardian - UK

Ex-NatWest boss who quit in Nigel Farage bank account row to get £2.4m payout

Nigel Farage called the potential payment to Dame Alison Rose a ‘sick joke’

The Independent UK

Ex-NatWest boss Alison Rose set for £2.4m payout after resigning over Farage row

Ms Rose resigned after she admitted to being the source of an inaccurate story about Nigel Farage’s finances.

The Independent UK

Alison Rose to still make £2.4 million salary after resigning amid Farage controversy

However, this salary could still be clawed back by NatWest

Evening Standard

‘Don’t do a Rose’ — NatWest chief’s exit amid Farage controversy prompts a new set of rules for bosses

Media Watch: NatWest CEO Dame Alison Rose was seen as one of the safest pairs of hands in the City. Now businesses are on red alert

Evening Standard

How to choose the best UK student bank account

From the ‘must-have’ overdraft to money off food and rail travel

The Guardian - UK

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The Times of India

British Muslims say banks ruin lives with debanking policies

LONDON: When former postman Iqeel Ahmed told staff at his local Halifax branch he couldn’t feed his family because he was locked out of his account, they asked whether he had tried the nearest food bank.

Evening Standard

Five tricks to surviving the remortgage hell of 2023, from using a broker to reading the small print

As owners anxiously count down the days until their fixed term ends, here’s how to best avoid the scarily high standard variable rate

Al Jazeera

Like Nigel Farage, British Muslims say they are being ‘de-banked’

Often without providing clear reasons, banks appear to be disproportionately closing the accounts of British Muslims.

The Guardian - UK

City watchdog to contact MPs and other PEPs to ask if they have been debanked

Inquiry aims to find out extent of denial of banking services to politically exposed persons such as politicians and army leaders

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The Independent UK

Santander to cut selected mortgage rates from Monday

Halifax, NatWest, First Direct, HSBC UK, Nationwide Building Society and TSB have also been among the lenders to announce mortgage rate reductions.

The Guardian - UK

NatWest and Virgin Money cut rates as mortgage ‘price war’ spreads

Big lenders become latest to reduce borrowing costs, joining four other UK home loan providers this week

Evening Standard

‘It gets better and better’ — Natwest is latest major lender to cut mortgage rates

Natwest follows Halifax, HSBC, Nationwide and TSB, among others, in bringing its rates back down after a wave of increases

The Guardian - UK

UK banks to be given two weeks to explain closing of customer accounts

Regulator to write to more than 20 of largest lenders after Nigel Farage’s accounts were threatened with closure

The Guardian - UK

‘Up all night worrying’: 92-year-old debanked by NatWest after move to Jamaica

Last year’s decision left Philip Cato, who moved ‘home’ in 1990s after 30 years working in the UK, cut off from his state pension

The Independent UK

Windrush pensioner, 92, among overseas NatWest customers to have accounts axed by bank

Exclusive: Philip Cato had thousands of pounds withheld by the bank after it shut his account in clampdown on overseas account holders

Evening Standard

Nigel Farage can bank with us, boss of London fintech Pockit says as it unveils $10 million raise

The boss of a London fintech has said Nigel Farage would be able to open an account with them after it unveiled a fresh $10 million funding round.

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