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Jeremy Hunt: Key moments and challenges in 12 months as Chancellor

Chancellor Jeremy Hunt has overseen a dramatic 12 months which has seen households hit by rampant inflation and rising borrowing prices.In October final 12 months, the long-time frontbencher was thrust into the important thing place after his predecessor Kwasi Kwarteng resigned from the put...

NatWest picks City veteran as new chairman in wake of Alison Rose exit

NatWest Group has named the previous Mastercard chair as its new chairman within the wake of the debanking row with Nigel Farage which led to its chief govt being ousted from the group.City veteran Richard Haythornthwaite, often called Rick, will be a part of...

FCA warns banks they’ll ‘act’ if politicians are wrongly denied providers

An government on the Financial Conduct Authority (FCA) stated the watchdog will “act” if monetary establishments wrongly deny politicians or their households entry to providers.Writing within the Telegraph, FCA government director Sarah Pritchard stated they're reviewing whether or not monetary establishments are being “proportionate”...

Watchdog begins probe into variety of clients ‘debanked’ by huge banks

The UK’s monetary watchdog is ready to learn how many shoppers have been “debanked” by the UK’s largest banks as a part of a probe into consideration closures and freedom of expression.The transfer by the Financial Conduct Authority (FCA) follows the scandal sparked by...

Nigel Farage can financial institution with us, says London fintech boss after unveiling $10m elevate

The boss of a London fintech has stated Nigel Farage would have the ability to open an account with them after it unveiled a recent $10 million funding spherical.Virraj Jatania, the CEO of Pockit, which serves prospects left behind by mainstream banks, stated: “Whilst...

Debanking poses menace to free speech, says Chancellor as he asks regulator for probe

Chancellor Jeremy Hunt has requested the City watchdog to look into the extent of debanking, as he stated the observe poses a “threat” to free speech.It comes as banks face widespread reforms over account closures, after the Nigel Farage row that final week led...