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The Latest Breaking News from NatWest

UK recession risk mounts as business falters; mortgage lenders cut rates – as it happened

Business activity shrinks at fastest pace since financial crisis excluding Covid months; some fixed five-year mortgage rates dip below 5%

The Guardian - UK

Nationwide Building Society launches 8% savings rate and £200 switching offer

According to financial information website Moneyfacts, the last time a cash regular savings account was offering a rate of 8% was in 2013.

The Independent UK

NatWest says issue with cash machines resolved after customers report missing deposits

Bank says cash payments to small number of accounts were delayed

The Independent UK

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Martin Lewis issues ‘urgent’ warning to savers over interest rates freeze

The MoneySavingExpert.com founder said fixed savings rates could be shaved down but highlighted a tactic that savers could use

The Independent UK

How interest rates announcement will affect mortgages and savings

There is light at the end of the tunnel for mortgage holders but savers face lower rates

The Independent UK

What does keeping UK interest rates on hold mean for homeowners and savers?

Decision not to increase rates from 5.25% will be relief for many but some mortgage holders are already paying more

The Guardian - UK

Martin Lewis issues ‘urgent savers warning’ as Bank of England base rate is held

The MoneySavingExpert.com founder said fixed savings rates could be shaved down but highlighted a tactic that savers could use.

The Independent UK

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Nationwide launches 8% account as battle for UK’s savings intensifies

Building society’s regular saver for current account holders is one of a growing number paying 6% interest or more

The Guardian - UK

Nationwide Building Society launches 8% savings rate and £200 switching offer

According to financial information website Moneyfacts, the last time a cash regular savings account was offering a rate of 8% was in 2013.

The Independent UK

Mortgage lenders including NatWest cut rates after surprise inflation drop

Brokers expect more home loan reductions with offerings at lowest prices for several months

The Guardian - UK

Crisis-hit CBI shelves plans for tie-up with manufacturing body Make UK

Confederation of British Industry tells members it is confident an alternative emergency cash rescue will be found

The Guardian - UK

City watchdog finds no evidence for recent political 'debanking' – but private banks have been picky for centuries

After a row over the closure of his bank account earlier this year, former politician Nigel Farage has hit out at the UK financial regulator for saying it has found no recent evidence of customers being “de-banked” over their personal views.

The Conversation

Demand among savers for fixed-term deals has surged, bank reports

NatWest said more than 82,000 fixed-term savings accounts were opened in the first half of this year.

The Independent UK

City watchdog claims data review shows no banks have closed accounts ‘primarily’ due to political views

The FCA added that, unlike in some other jurisdictions, “there is no right to an account in the UK”

Evening Standard

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The Guardian - UK

FCA finds no evidence of customers being debanked over political views

Watchdog launched inquiry after row over Coutts’s handling of Nigel Farage’s account

The Guardian - UK

The NatWest boss, the missing Malaysian billions and the damning email

Rick Haythornthwaite stonewalled investigator on the trail of ‘world’s biggest financial scandal’

The Guardian - UK

New NatWest boss worked for oil firm under investigation in ‘world’s biggest financial scandal’

Exclusive: Rick Haythornthwaite was paid £200,000 a year by Saudi company, PetroSaudi, involved in 1MDB scandal

Evening Standard

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

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news in one place.

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The Guardian - UK

NatWest plays it safe with new chairman Rick Haythornthwaite

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

Evening Standard

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

Haythornthwaite will take over from Davies in April of next year

The Guardian - UK

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

Evening Standard

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

The Conversation

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…

The Independent UK

‘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

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