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The Latest Breaking News from NatWest

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

Evening Standard

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.

Al Jazeera

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

The Guardian - UK

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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 Independent 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

The Guardian - UK

‘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

Evening Standard

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

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‘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 Guardian - 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

The Independent UK

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.

Evening Standard

Debanking poses threat to free speech, Jeremy Hunt says as he asks regulator for probe

The Chancellor has asked the Financial Conduct Authority to look into account closures and report back to him next month

Evening Standard

‘The fight goes on’: Nigel Farage demands compensation after Coutts lets him keep bank accounts

The former Brexit Party leader is demanding compensation from the private bank

The Independent UK

Nigel Farage says Coutts offers to reinstate his accounts amid de-banking row

Nigel Farage said Coutts has offered to reinstate his personal and business accounts, with the former Ukip leader also seeking compensation from the…

The National (Scotland)

We were set back 10 years after NatWest shut account, says business owner

It comes as ex-Ukip leader Nigel Farage has launched a new website amid plans to ‘build a powerful lobby group’ to oppose de-banking.

The Independent UK

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The Guardian - UK

Nigel Farage says new Coutts boss has offered to keep his accounts open

Former Ukip leader is still taking legal action against bank demanding compensation and apology

The Guardian - UK

Banks with lowest savings rates to face ‘robust action’, warns UK financial watchdog

FCA gives banks four weeks to justify savings rates as it lays out 14-point plan to monitor treatment of customers

The Guardian - UK

UK banks are closing more than 1,000 accounts every day

Nigel Farage calls for royal commission as data shows big jump in customers being ‘debanked’

The Guardian - UK

Nigel Farage launching new website to help people denied accounts by banks

The ex-Ukip leader has been hailed as a consumer champion after vowing to create a guide on how to flood banks with data requests

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The Independent UK

Farage continues account closure crusade with new website

It comes as former prime minister Liz Truss said she was left ‘appalled’ at the treatment of the former Ukip leader.

The Guardian - UK

From Brexit to Coutts – has Nigel Farage become Britain’s most influential politician?

For all his beer and blazers, his unerring talent is for tapping into popular grievances

The Guardian - UK

NatWest chair quitting over Coutts row would not be ‘helpful’, says City minister

Andrew Griffith backs Sir Howard Davies staying in post after resignations of chief executive and head of private banking arm

Fortune

Profits surge at crisis-hit bank engulfed in scandal over Trump ally

Despite strong financial results, NatWest's crisis persists.

The Guardian - UK

Digested week: Forget the climate crisis – re-election is Sunak’s only burning issue

Plus, my plan to live for ever by standing on one leg, and Nigel Farage lives his best life despite debanking ‘shame’

The Guardian - UK

‘He’s tapped into something’: banking row gives Nigel Farage a new crusade

Ex-Ukip leader is back in limelight claiming to be a ‘champion for the voiceless’ – though some are wary of his latest reinvention

The Conversation

Bank account closures don't just affect 'politically exposed persons' – sex workers have struggled with financial exclusion for years

The fallout over the closure of Nigel Farage’s bank account has shed light on how financial institutions handle “politically exposed persons”, whom they may view as high-risk clients.

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