The Latest Breaking News on Financial Services

Some of the companies that formed what is now Citigroup likely benefitted financially from slavery in the 1800’s, the financial giant acknowledged Thursday, an admission that comes at a time when numerous institutions are re-examining their historic roots and the roles they played in slavery in the U.S. In research…

From The Independent (UK): Economic secretary Andrew Griffith told the bosses of some of the UK's biggest banks on Wednesday that it is important to protect freedom of expression…. It came after former politician Nigel Farage's bank account with Coutts—a bank for the ultra wealthy—was closed. The account was shut…

PM fails to voice support for Sir Howard Davies after resignation of bank’s chief executive, Alison Rose

Coutts’ chief executive Peter Flavel, the boss of the private bank which closed Nigel Farage’s account, will step down immediately, NatWest Group has said.

The Reserve Bank of India has proposed that card issuers be mandated to provide customers with the choice of multiple card networks, instead of only specific networks with which the bank has exclusive agreements

Peter Flavel is second bank chief to resign over cancellation of ex-Ukip leader's account, as pressure mounts on NatWest chair to go next

Until yesterday, you’d have been forgiven for thinking the outcome of the Coutts-Nigel Farage debacle was a lecture on customer service. City minister Andrew Griffith summoned our banks for a little chat, as if they were naughty school children who’d written swear words on the board.

The bank, originally a groundbreaking library for the blind and disabled designed by Chicago architect Stanley Tigerman, is for sale since its closure, Lee Bey writes.

A total of 338,194 switches took place using the Current Account Switch Service between April and June.