Structural hedges: Banks’ secret weapon to capitalise on high interest rates November 6, 2023 The UK’s major listed banks are set to reap the benefits of higher interest rates for years to come thanks to the impact of structural hedging, according to analysts.
Watchdog sorry for suggesting ex-Natwest boss Rose broke data rules over Farage ‘debanking’ scandal November 6, 2023 The UK's data watchdog has apologised to former Natwest chief executive Dame Alison Rose for suggesting that she was personally under investigation for breaching data rules in a "debanking" scandal involving Nigel Farage.
Natwest upgrades AI chatbot to provide ‘human interaction’ amid branch closures November 6, 2023 Whereas Natwest's original Cora was a basic question-and-answer bot, the updated version will use “generative” AI, similar to ChatGPT.
Monzo dives into insurance with London insurtech star at the helm November 6, 2023 Founder of digital insurance brand Brolly, Phoebe Chibuzo Hugh, has announced that she has joined digital challenger bank Monzo to lead its expansion into the insurance sector.
Mortgage growth set to reach decade low as high rates drive down demand November 6, 2023 The EY Item Club predicted that net mortgage loans would grow 1.5 per cent in 2023 and two per cent in 2024, representing the lowest two-year growth in a decade.
Natwest share price slump casts doubt on privatisation plans November 5, 2023 Shares currently sit at £1.87, down from around £5 when the government acquired an 84 per cent stake in the bank during the financial crisis.
Future of Selfridges in question as co-owner hit by cash crunch November 5, 2023 Shareholders on Friday ousted the Signa's chairman Rene Benko, who is fighting for control over his £20bn empire amid a cash crunch.
Treasury Committee chief: I had my JP Morgan bonus cut for taking maternity leave November 5, 2023 Harriett Baldwin, who chairs the Treasury Committee, told the Observer that she experienced a “glass ceiling” while working at the investment bank.
FCA spends more than £250,000 on ‘debanking’ inquiry amid Natwest scandal November 2, 2023 The FCA has spent £250,000 on its “debanking” inquiry, as Natwest faces criticism over the closure of Nigel Farage’s Coutts account.
Big Four banks bag extra £6.5bn from past interest rate hikes amid profiteering concerns November 2, 2023 The UK’s four biggest banks have collectively made an extra £6.5bn this year off the back of past interest rate hikes, says new analysis.
