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The Latest Breaking News on Financial Services

Forget Nigel Farage and Coutts – banks have been locking ordinary people out of accounts for years

This is a rich person’s row. But as a debt adviser, I’ve seen clients’ lives upended when they are denied access to a basic bank account, says debt adviser Amy Taylor

The Guardian - UK

Many MPs falling foul of bank rules on ‘politically exposed persons’, says Philp

Policing minister says case of private bank Coutts closing Nigel Farage’s account is ‘not unique’

The Guardian - UK

Labour questions Downing Street pressure on NatWest boss’s resignation

Dame Alison Rose quit as chief executive after coming under pressure from No 10 and the Treasury in the Nigel Farage row.

The Independent UK

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No recession and lower rates on way, predicts mortgage giant Lloyds Bank

BRITAIN’S biggest mortgage lender offered hope to the nation’s homeowners today and predicted the UK will no longer fall into recession next year.

Evening Standard

Lloyds puts aside more than £400m for mortgage arrears as rates soar

Bank says profits have fallen as interest rates and cost of living are ‘challenging’ for people and firms

The Guardian - UK

Who is Alison Rose? NatWest boss who quit after admitting Nigel Farage leak to BBC

Dame Alison Rose was recently appointed to Rishi Sunak’s new business council

The Independent UK

Nigel Farage calls for entire NatWest board to go after boss quits over banking row

‘In my view, they should all go,’ the former UKIP leader said as Alison Rose steps down

The Independent UK

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Dame Alison, the rising NatWest star who fell to earth

Until this muck-up with Nigel Farage, Rose had barely put a foot wrong

Evening Standard

Nigel Farage calls for wider ‘cultural change’ at NatWest after boss quits

The former Ukip leader has hit out at the wider NatWest Board

Evening Standard

NatWest Bank CEO ousted after furor over politician Nigel Farage's bank account

NatWest, one of Britain’s biggest banks, says its chief executive has left her job after discussing personal details of a client — the populist politician Nigel Farage — with a journalist

The Independent UK

Farage calls for wider ‘cultural change’ at NatWest after boss quits

Speaking to the PA news agency early on Wednesday, the former Ukip leader hit out at the wider NatWest Board.

The Independent UK

NatWest boss Dame Alison Rose quits after admitting Nigel Farage leak to BBC

An emergency board meeting was called late on Tuesday, with the announcement of Dame Alison Rose’s resignation a few hours later

Evening Standard

‘Significant concerns’ in Downing Street as NatWest boss quits over Farage leak

Dame Alison Rose resigns after admitting ‘serious error of judgment’

The Independent UK

NatWest boss Alison Rose quits after admitting Farage leak to BBC

Nigel Farage says the entire NatWest Board ‘needs to go’ following Dame Alison Rose’s resignation

The Independent UK

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The Guardian - UK

NatWest boss Alison Rose resigns over Nigel Farage Coutts accounts row

Bank’s first female chief executive steps down after admitting being the source of BBC story about former Ukip leader

The Guardian - UK

NatWest CEO admits ‘serious error’ of discussing Farage bank accounts but clings on to job

Bank warns Alison Rose could see pay docked after controversy over closure of ex-Ukip leader’s Coutts accounts

Evening Standard

NatWest CEO says she made ‘serious error’ in discussing Nigel Farage Coutts account, but board backs her

The chair of the bank said Dame Alison Rose still has the board’s “full confidence”

The Independent UK

Damning messages reveal JPMorgan execs discussed seeing ‘nymphettes’ at Jeffrey Epstein property

‘A few people (were) laughing about Jeffrey’: JP Morgan executives allegedly joked about Epstein surrounding himself with young women and girls

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Evening Standard

What’s so good about a Coutts account anyway? And all the other luxury credit cards you need to know about

The luxury bank that recently kicked Nigel Farage off its books is all anyone can talk about in the world of personal finance. Isolde Walters lays out the benefits of the UK’s most exclusive credit card

The Independent UK

HSBC, Nationwide and TSB failed to send transaction histories to some customers

The providers breached a requirement that payment transaction histories should be provided to customers when they close their account.

Caixin Global

China Plans to Relax Rules on Foreign Firms Investing in Bad-Debt Managers

Removing the ban on overseas nonfinancial firms’ equity investment can help attract talent with professional experience, financial regulator says

Motor1

Santander Closes Accounts Of Customers Who Paid Cash For Cars In Argentina

The bank considered the transactions suspicious even though they were approved by the AFIP.

The Guardian - UK

City minister summons UK bank bosses to discuss Farage account closure

Andrew Griffith raises ‘significant concern’ after Coutts judged ex-Ukip leader ‘did not align’ with its values

The Guardian - UK

Coutts’ virtue-signalling plan had one flaw. The bank has no virtue to signal

Compiling the Farage dossier takes some cheek when you have so many ghastly clients

The Guardian - UK

Bank rule changes after Nigel Farage furore could tip off criminals, say experts

Plans to make closure of accounts more transparent may ‘undermine’ measures against money laundering

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