Search Results for: NatWest
NatWest fined £264.8 million for anti-money laundering failures
December 14th, 2021
The Financial Conduct Authority (FCA), the conduct regulator in UK for around financial services firms and financial markets, has issued an announcement to inform that National Westminster Bank Plc (NatWest) was fined £264,772,619.95 following convictions for three offences of ...
NatWest Takes on with FinTech Firms by Launching Digital Lending Platform
February 20th, 2017
In a bid to respond to competition from FinTech firms U.K.-based NatWest Bank has announced that it is launching a digital lending platform that promises fast loan decisions to compete with services that peer-to-peer firms provide. In a report ...
NatWest sets up alternative finance panel for loan referrals
November 1st, 2016
NatWest has set up a panel of alternative lenders to which business customers can turn if they fail to qualify for a loan from the UK bank. The panel, called ‘Capital Connections’, builds on NatWest’s existing referral partnerships with ...
FCA fines RBS, NatWest and Ulster Bank Ltd £42 million for IT failures
November 20th, 2014
The FCA has taken this action against the Banks for failing to put in place resilient IT systems which could withstand, or minimise the risk of, IT failures. The actual cause of the IT incident was a software compatibility ...
FCA fines RBS and NatWest
August 27th, 2014
The Financial Conduct Authority (FCA) has today fined The Royal Bank of Scotland and NatWest £14,474,600 for serious failings in their advised mortgage sales business. The firms failed to ensure that advice given to customers was suitable. The issues with ...
Key financial events coming this week
November 6th, 2017
The yen tumbled to the weakest since March after Bank of Japan Governor Haruhiko Kuroda said it’s crucial for inflation to exceed the 2 percent target. Asian stocks slipped after China’s central bank chief warned again about excessive leverage ...
Sterling drops as May signs Brexit trigger for process to begin
March 29th, 2017
U.K.-EU ties will start to unravel around 1:30pm in Brussels May signals ’fierce determination’ to get good Brexit deal Sterling fell in early Asian trading as investors brace for the start of the two-year negotiation for the U.K. to ...
Android Pay vs Apple Pay: who’s winning the mobile payment battle?
December 22nd, 2016
Apple and Google have been competing in just about every field of technology for some time now – from maps to music – and mobile payments is no exception. Here we’re going to take a close look at how ...
Brexit post-mortem
July 29th, 2016
It is a month after Britain’s surprise vote to leave the EU. A new Conservative Prime Minister and Chancellor are in place, both David Cameron and George Osborne having fallen on their swords. The third man in the losing ...
Barclays to join Apple Pay
January 28th, 2016
Barclays, the last UK holdout against Apple Pay, confirms imminent launch Barclays, the last of the UK’s big banks to join the Apple Pay bandwagon, has confirmed that it will be rolling out the service within the next three ...
