Dame Alison Rose has given up £7.6 million after NatWest eliminated her bonus and share awards due to her involvement in the Nigel Farage debanking controversy.
The Bank of England interest rates unchanged at 5.25pc.
The Bank of England has maintained its interest rates at the same level during its November session, continuing the halt from September.
UK property values unexpectedly increase, yet the market stays ‘profoundly frail’ – Nationwide
Last month witnessed an unexpected surge in house prices as sellers opted to wait rather than accept lower offers, as revealed by a widely monitored survey.
UK mortgage approvals have fallen to an eight-month low
Mortgage approvals have hit an eight-month low, impacted significantly by rising interest rates affecting potential buyers.
HSBC’s pre-tax profits ballooned to $7.7bn for the three months to the end of September
Banking behemoth HSBC has disclosed a substantial profit increase of $4.5bn (£3.7bn) for the latest quarter, attributing the growth to the beneficial impact of rising interest rates.
NatWest admits to serious failings in treatment of Nigel Farage
Delving further into NatWest’s situation, the bank has acknowledged “serious failings” in its dealings with Nigel Farage, as well as “clear deficiencies” in the process leading to the termination of
FTSE 100 in the red as NatWest plunges more than 16pc
The FTSE 100 experienced a slight decline on Friday, with NatWest contributing to a challenging week for the banking sector by revising its forecast downward.
The ex-chief of NatWest was accused of violating data protection regulations, Nigel Farage, ICO rules
Dame Alison Rose, previously at the helm of NatWest Group PLC (LSE: NWG), has been held responsible by the UK’s Information Commissioner’s Office (ICO) for violating data protection regulations.
UK House prices will keep falling until after general election
Lloyds Bank predicts a continuous decline in house prices extending past the upcoming general election, attributing this trend to prolonged higher interest rates.
Lloyds’ earnings exceed expectations, non-performing loans decline.
The UK’s premier financial institution, Lloyds Banking Group PLC (LSE: LLOY), has confirmed its 2023 outlook, notably for the UK margin, after revealing profit figures that surpassed anticipations and a
Exxon finalizes £48bn acquisition to become the leading shale oil producer.
Exxon Mobil is set to acquire Pioneer Natural Resources in a deal valued at $59.5bn (£48.4bn), positioning it as the premier global shale oil producer.