Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Alison R"


25 mentions found


London CNN —The CEO of one of the biggest banks in the United Kingdom has resigned after admitting she leaked details of Brexit campaigner and political commentator Nigel Farage’s finances to BBC News. The lender was later revealed in UK media to be Coutts, a bank for the rich owned by NatWest. Mr Farage said he believed the decision to close his Coutts account was due to his political views. The BBC then reported that it had been told by a senior source at the bank that Farage’s accounts had been closed for commercial reasons. On Tuesday night, Alison Rose confirmed she had been the source for the BBC report and apologized.
Persons: Nigel Farage’s, Alison Rose, , Nigel Farage, Donald Trump, Coutts, Mr Farage, Farage, ” Alison Rose, Paul Thwaite Organizations: London CNN, BBC News, NatWest, BBC Locations: United Kingdom,
NatWest lifer Rose climbed up the ranks over more than three decades from graduate trainee to boardroom, becoming the first woman to run one of Britain's major banks. "You can be a hero one day, a zero the next, as Alison Rose has found out." Davies lamented the "sad moment" while Rose paid tribute to colleagues who had helped her build solid foundations for the bank, in a statement accompanying the news. RBS TO NATWESTRose succeeded Ross McEwan as CEO of NatWest in 2019, becoming the lender's first female boss. But under Rose's supervision, the bank became one of Britain's biggest participants in government-designed loan schemes to keep ailing businesses afloat.
Persons: Alison Rose, Nigel Farage, NatWest lifer Rose, Coutts, Rishi Sunak, Rupert Younger, Rose, Howard Davies, Rose's, Davies, Charlie Nunn, Farage, impinging, NATWEST Rose, Ross McEwan, McEwan, Stephen Hester, Fred Goodwin, Lawrence White, Conor Humphries Organizations: NatWest's, Brexit Party, NatWest, Oxford University's, Lloyds Banking Group, Britain's, RBS, NATWEST, Royal Bank of Scotland, Thomson Locations: Europe, Westminster, Britain
UK's FTSE 100 slips on dour earnings; NatWest falls
  + stars: | 2023-07-26 | by ( Shashwat Chauhan | ) www.reuters.com   time to read: +2 min
The FTSE 100 index (.FTSE) lost 0.2%, while the more domestically focussed FTSE 250 midcap index (.FTMC) was flat. UK earnings season picked up pace with Lloyds Banking Group(LLOY.L), Britain's biggest mortgage lender, posting a pre-tax first-half profit below analysts' forecast compiled by the bank. The lender fell 2.7%, while the UK banks index (.FTNMX301010) slipped 0.9%. Rolls-Royce (RR.L) soared 19.3%, to hit its highest level in over three years after the aero-engineering company raised its full-year operating profit forecast. Reporting by Shashwat Chauhan in Bengaluru; editing by Eileen Soreng and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.
Persons: Royce, Aston Martin, Alison Rose, Nigel Farage, Georgina Cooper, Aston, Shashwat Chauhan, Eileen Soreng, Sohini Organizations: HY, U.S, Fed, Lloyds, NatWest, NatWest Group, BBC, Lloyds Banking Group, BNY, Equity, Rio Tinto, Royce, Dunhill, Tobacco, Aston Martin Lagonda Global Holdings, U.S . Federal Reserve, Thomson Locations: Rio Tinto, London, Rio, Bengaluru
When Nigel Farage campaigned for a fellow populist, Donald J. Trump, in Arizona in 2020, he seemed like a faded star seeking the spotlight abroad after it had swung past him at home. Having helped mobilize the pro-Brexit vote in 2016, Mr. Farage was marginalized in Britain, then consumed by the pandemic. No longer: For three weeks, Mr. Farage, has been back on the front pages of British papers, with an attention-grabbing claim that his exclusive private bank, Coutts, dropped him as a customer because of his polarizing politics. Early on Wednesday, after Mr. Farage’s allegations were largely vindicated, the chief executive of his bank’s parent, NatWest Group, resigned after she admitted improperly discussing his bank account with a BBC journalist. It was a striking turn of events for a political insurgent who became, for many, a reviled symbol of Brexit, and later, a culture warrior on right-wing television.
Persons: Nigel Farage, Donald J, Trump, Farage, Coutts, Alison Rose Organizations: NatWest Group, BBC Locations: Arizona, Britain
NatWest CEO Alison Rose on Wednesday stepped down with immediate effect after she admitted a "serious error of judgment" in discussing former Brexit party leader Nigel Farage's relationship with the bank with a senior BBC journalist. The board appointed Paul Thwaite to helm NatWest for an initial period of 12 months, the company said in a statement. "The board and Alison Rose have agreed, by mutual consent, that she will step down as CEO of the NatWest Group," Howard Davies, chairman of the board, said. Coutts' website advises its clients should be able to borrow or invest at least 1 million pounds with the bank or hold 3 million pounds in savings. Britain's Financial Conduct Authority (FCA) said it had urged the NatWest board to review the matter independently and welcomed its statement.
Persons: Alison Rose, Nigel Farage's, Paul Thwaite, Howard Davies, Coutts, Rose, Farage, Peter Flavel, NatWest's Davies, Davies, Rose —, Simon Jack, Jack, Sheldon Mills, Andrew Griffith Organizations: NatWest, BBC, NatWest Group, BBC Business, Authority, Treasury, Reuters, Government Investments
The departure of Ms. Rose, the first woman to lead a major British bank, who had been charged with transforming an institution marred by scandal, has been swift. Less than a month ago, Mr. Farage, the former leader of the UK Independence Party, said that his account at Coutts, the private bank owned by NatWest, had been closed because of his political views. The apology and a promise to review the bank’s policies was not enough to ease the pressure on Ms. Rose. Reports late Tuesday night that the government, which has a 39 percent stake in the bank, was “significantly concerned” about Ms. Rose’s leadership seemed to seal her fate. Before dawn, the bank announced her immediate departure.
Persons: Alison Rose, Nigel Farage, Ms, Rose, Farage, Coutts, Rose’s Organizations: NatWest, European Union, UK Independence Party, BBC Locations: British
Government’s NatWest meddling crosses risky line
  + stars: | 2023-07-26 | by ( Liam Proud | ) www.reuters.com   time to read: +4 min
Meddling ministers crossed a line, and may struggle to retreat back onto the right side of it. Its shares fell a modest 3% on Wednesday morning – compared with 1% on average for Lloyds Banking Group (LLOY.L), Barclays (BARC.L) and Virgin Money UK (VMUK.L). Rose’s strategy of cutting costs, continuing to scale back risky trading and focusing on core UK retail banking was working. Britain’s Economic Secretary to the Treasury Andrew Griffith said on social media site X, formerly known as Twitter, that “it is right that the NatWest CEO has resigned”. Domestic rivals Lloyds Banking Group, Barclays and Virgin Money UK were down 2% on average.
Persons: Alison Rose, Rose, Rishi Sunak, Jeremy Hunt, Nigel Farage, Andrew Griffith, Coutts, aren’t, Nigel Farage's, Paul Thwaite, George Hay, Pranav Kiran, Streisand Neto Organizations: Reuters, Economic, NatWest, BBC, Royal Bank of Scotland’s, UK Government Investments, . Mortgage, Lloyds Banking Group, Barclays, Virgin Money, Lloyds, Domestic, Thomson Locations: NatWest’s
Alison Rose, NatWest chief executive, (right) departs 10 Downing Street in London, after meeting with Chancellor Jeremy Hunt. Prime Minister Rishi Sunak and several members of his Conservative government issued statements condemning the bank and characterizing the termination of Farage's account as an affront to free speech. Farage was offered an alternative account at regular main street bank NatWest, but declined. His critics maintain that although frequent references are made to Farage's political profile and controversial views, the reasons outlined for allowing the banking relationship to lapse were primarily commercial, and he was not "de-banked" as he claims. Without the mortgage, the bank indicated that Farage's account value would fall below its commercial criteria.
Persons: Jonathan Bachman, Alison Rose, Nigel, Coutts, Rose, Danni Hewson, AJ Bell, Farage, Coutts —, Chancellor Jeremy Hunt, James Manning, Rishi Sunak, Nigel Farage, , DANIEL LEAL, Donald Trump, Vladimir Putin, Frances Coppola, Coppola, Dave Rushen Organizations: Getty, LONDON, NatWest, BBC, UBS, Conservative, Brexit Party, Independence Party Leader, U.K, Independence Party, UKIP, Sky News, NatWest Group, Company Locations: London, U.K, inclusivity, Leicester, British
NatWest has faced intense political and media scrutiny over a decision by its private bank Coutts to close Farage's accounts. In a post on the X social media platform on Wednesday, Farage called for further heads to roll in the wake of Rose's resignation. On Tuesday, Farage said on his eponymous TV show that Rose was "unfit" to run a bank. She realised that her comments had left Jack with the impression that the decision to close Farage's accounts was solely a commercial one, Rose said in the statement. Rose also said she was not part of the decision-making process to "exit" Farage's accounts and said this was a decision made by Coutts.
Persons: Alison Rose, Nigel Farage's, Paul Thwaite, Coutts, Farage, Rose, Simon Jack, Howard Davies, Davies, Peter Flavel, Jack, NatWest's, Sheldon Mills, Andrew Griffith, Iain Withers, Sinead Cruise, Urvi, Juby Babu, Simon Jessop, Mark Potter, Edwina Gibbs, Louise Heavens Organizations: NatWest, BBC, BBC Business, UK Treasury, Reuters, Government Investments, Authority, Thomson Locations: Bengaluru
The shift to remote work early in the pandemic allowed wealthy residents to ditch big cities in droves and set up shop in smaller cities and towns nearby. While the surging costs of housing and the new freedom of remote work helped trigger this mass migration, small cities have been laying the groundwork over the last decade to entice these big-city refugees. Then came the pandemic, and remote work suddenly made small cities a viable home for wealthy professionals. For the past two decades, cities have turned to an economic development strategy I've deemed "the city authentic." It spiked even more during the pandemic when change of addresses from New York City jumped a whopping 787%.
Persons: Tim Burton, , Richard Florida, millennials, DAVID BREWSTER, downtowns, weathers, It's, Alison Roman, Chrissy Teigen, it's, restaurateurs, John Greim, Instagramable cafés, David A, Banks Organizations: Urban, New York Times, Creative, The New York Times, Industrial Development Agency, IDA, Arts, Craft, Fulton, Star Tribune, Getty, Social, Business, New York City, Neighborhood Initiative, Globalization Studies, University, Albany SUNY, UUP Locations: America, Hudson, New York City, Austin , Texas, Charlotte, North Carolina, Denver , Minneapolis, Salt Lake City, Dallas, Louisville, Connecticut, Florida, Washington, Fulton, New York, Athens, Georgia, Tulsa , Oklahoma, Arts District, Saint Paul , Minnesota, , New York, Rensselaer, Troy, Rensselaer County, Newark , New Jersey, Dudley, Boston
NatWest goof is a boon for sketchy bank clients
  + stars: | 2023-07-21 | by ( Liam Proud | ) www.reuters.com   time to read: +5 min
LONDON, July 21 (Reuters Breakingviews) - A row between right-wing talking head Nigel Farage and UK bank NatWest (NWG.L) could have much broader consequences. Last November, a reputational risk committee of NatWest’s exclusive private bank Coutts decided to ditch Farage by summer 2023. After closing the Coutts wealth account, NatWest offered Farage a standard one at the parent group instead, for example. But for now the biggest winners from the Farage-Coutts row seem to be sketchy UK bank customers. Briefing papers presented to Coutts’ wealth reputational risk committee said Farage was “considered by many to be a disingenuous grifter”.
Persons: Nigel Farage, Alison Rose, Farage, Coutts, didn’t, Rose, Andrew Griffith, Coutts ’, , ” Farage, George Hay, Oliver Taslic Organizations: Reuters, NatWest, Conservative, Treasury, Financial Ombudsman Service, Twitter, UK Independence Party, Thomson
LONDON, July 20 (Reuters) - British bank NatWest has apologised to former Brexit party leader Nigel Farage for the handling of the closure of his accounts with its private banking arm Coutts, according to two reporters citing copies of the letter on Twitter. The letter from NatWest CEO Alison Rose comes after Farage complained publicly about his treatment by the bank and claimed his services were being cut over his political views. NatWest was not immediately available for comment. Reporting by Iain Withers; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.
Persons: Nigel Farage, Coutts, Alison Rose, Farage, Iain Withers, William James Our Organizations: NatWest, Twitter, Thomson
CNN —Russian teenager Mirra Andreeva has continued her meteoric rise by reaching the third round of the French Open with an emphatic 6-1 6-2 win over France’s Diane Parry. The 16-year-old, who celebrated her birthday in April, is now the youngest player to reach the third round at Roland Garros since 2005, according to the WTA. Andreeva, the youngest player in this year’s main draw, took only 77 minutes to defeat wild card Parry and secure her sixth top 100 win of the season. Andreeva had already become the seventh youngest player this century to beat a top 20 player, according to the WTA, when she beat world No. Andreeva, who was unranked 14 months ago, entered her first Grand Slam at Roland Garros this year.
Persons: Mirra Andreeva, France’s Diane Parry, Roland Garros, Parry, Andreeva, Beatriz Haddad Maia, Ian MacNicol, Leylah Fernandez, Magda Linette, Alison Riske, Coco Gauff, Julia Grabher Organizations: CNN, WTA, Madrid, ITF Locations: Madrid
First came an early rise to get Mirra, a 16-year-old Russian, ready for her 11 a.m. French Open debut against Alison Riske-Amritraj of the United States. Then came a long wait for Mirra’s older sister, 18-year-old Erika, who was last up on Court No. So it goes for tennis’s newest sister act. Sister acts are not exactly new in women’s tennis, which was headlined for more than two decades by the American duo of Serena and Venus Williams. Venus Williams, 42, still has not retired, though another major title seems unlikely.
Persons: Alison Riske, Mirra, , , Erika, Emma Navarro, Navarro, Roland Garros, Serena, Venus Williams Locations: United States, Paris
Britain lowers stake in NatWest with $1.6 bln share sale
  + stars: | 2023-05-22 | by ( ) www.reuters.com   time to read: +1 min
The lender returned to majority private ownership in March 2022 after a similar block sale. The government has a target of fully returning NatWest to private ownership by 2026. "Today's sale is another major milestone in returning NatWest to full private ownership as promised," Andrew Griffith, economic secretary to the Treasury, said in a statement. Britain owned 84% of NatWest at the peak of its ownership after it bailed out the bank in 2008. The sale announced on Monday is the government's sixth block sale of NatWest stock to date, the government said.
NatWest said the reduction in its deposits, however, mainly reflected the axing of its underperforming Irish arm Ulster and higher customer tax bills. Deposits across its consumer, business and private bank nonetheless fell 11.1 billion pounds. NatWest, meanwhile, reported pretax profit that leapt 49% to 1.8 billion pounds ($2.24 billion), above an average of analyst forecasts of 1.6 billion pounds. Rising interest rates boosted NatWest's income by 29% to 3.9 billion pounds, but analysts said this narrowly missed expectations and they had hoped for an upgraded outlook. ($1 = 0.8028 pounds)Reporting by Iain Withers, Editing by Sinead Cruise and Lawrence WhiteOur Standards: The Thomson Reuters Trust Principles.
CNN —ABC News on Thursday stunned staffers, laying off several senior executives and restructuring its newsroom amid a broader workforce reduction being carried out by its parent company Disney, people familiar with the matter told CNN. “Throughout the company, teams are being impacted by the downsizing that was announced several weeks ago, including our own ABC News family,” ABC News President Kim Godwin told staffers in a memo. The C-suite bloodbath astonished staffers at the network, people familiar with the matter told CNN. Godwin said she promoted London bureau chief Katie den Daas to vice president of newsgathering and that executive vice president Derek Medina will now oversee talent strategy. Godwin also said that investigating and enterprise units will be overseen by executive editor and senior vice president of news Stacia Deshishku.
March 30 (Reuters) - Walt Disney Co's (DIS.N) ABC News laid off several senior executives on Thursday, as it restructures its newsroom, two sources confirmed. Among those to lose their jobs in the restructuring were Wendy Fisher, senior vice president of news gathering; Galen Gordon, senior vice president of talent; Alison Rudnick, vice president of corporate communications; and David Herndon, executive director and Los Angeles bureau chief. Godwin named London bureau chief Katie den Daas as vice president of newsgathering, overseeing domestic and international teams. The business and operations team will expand to include talent, production and business affairs, reporting to ABC News Executive Vice President Derek Medina. Stacia Deshishku, executive editor and senior vice president of News, will assume responsibility for the investigative and enterprise reporting unit.
Her rise was tied to a period of reinvention for the wine world during which natural wine conquered millennial taste buds and became ubiquitous on menus across the US. Marissa Ross, Bon Appétit's wine editor from 2016 to 2020, often posted pictures of herself chugging straight from the bottle — a technique she called "The Ross test." "Natural wine," a nebulous term that generally refers to wine made with minimal intervention and without additives like sulfites, was tentatively entering the American wine world. Many in the wine world took the idea that you didn't have to be educated to know about wine as a personal insult. When she first told BA that she planned to cover only natural wines, Ross said, Rapoport called to try to change her mind.
Despite the overall bonus cuts for staff, Chief Executive Noel Quinn saw his pay package jump 14% to 5.6 million pounds ($6.7 million), from 4.9 million pounds the prior year. Once long-term incentive awards are included, Quinn's total pay could reach 10.5 million pounds, the bank said. The bank's bonus pool for staff was slightly smaller than the $3.5 billion paid last year. HSBC's rival NatWest raised its bonus pool by nearly a quarter to 368 million pounds in earnings last week, and bumped up CEO Alison Rose's pay package to 5.2 million pounds. Barclays meanwhile trimmed its bonus pool slightly, but still paid out 1.8 billion pounds in bonuses.
LONDON, Feb 21 (Reuters) - HSBC cut its annual bonus pool by 4% to $3.4 billion in 2022, the bank said on Tuesday, as a global slump in dealmaking led it to trim awards for its bankers. Despite the overall bonus cuts for staff, Chief Executive Noel Quinn saw his pay package jump 14% to 5.6 million pounds ($6.7 million), from 4.9 million pounds the prior year. Once long-term incentive awards are included, Quinn's total pay could reach 10.5 million pounds, the bank said. The bank's bonus pool for staff was slightly smaller than the $3.5 billion paid last year. Rival NatWest raised its bonus pool by nearly a quarter to 368 million pounds in earnings last week, and almost doubled CEO Alison Rose's pay package to 5.2 million pounds.
LONDON, Feb 20 (Reuters) - The British government on Monday launched its new energy efficiency taskforce and named NatWest (NWG.L) boss Alison Rose as its co-chair to reduce the country's energy consumption and cut household bills. The taskforce will devise a plan to reduce total UK energy demand by 15% by 2030 compared to 2021 levels across domestic and commercial buildings and industrial processes, the government said in a statement. Hunt is due to attend a summit on Tuesday with chief executive officers, founders and leaders from the country's green companies, the government added. The taskforce also includes Department for Energy Security and Net Zero Minister Lord Martin Callanan as co-chair. "Improving energy efficiency will not only drive a lower carbon environment, but also deliver greater economic security," said Rose who is the chief executive officer of state-owned lender NatWest.
NatWest calls time on UK banks’ rate-hike party
  + stars: | 2023-02-17 | by ( ) www.reuters.com   time to read: +2 min
But NatWest Chief Executive Alison Rose has brought that excitement to an end. It’s surprising that Rose thinks lending margins have maxed out already. Higher rates take a while to feed into revenue because so many borrowers have long-term or fixed-rate debt, which reprices slowly. That would be a cause for celebration among households and firms with spare cash, but it might bring the bank share-price party to an end. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
NatWest outlook drags down shares despite profit leap
  + stars: | 2023-02-17 | by ( ) www.cnbc.com   time to read: +1 min
The logo of NatWest, a retail unit of RBS, outside a bank branch in London, U.K., on Tuesday, June 26, 2012. NatWest warned on Friday that rising interest rates may not deliver the long-lasting earnings bonanza investors hope for, even though profit jumped by 33% last year. Shares in the bank fell as much as 9% as investors digested forecasts for profitability and costs for 2023, even as the bank reported annual pretax profit rose to 5.1 billion pounds ($6.1 billion) from 3.8 billion pounds. State-backed NatWest did increase payouts for shareholders, announcing a 10 pence per share final dividend and an 800 million pound share buyback. Rose's total pay package for 2022 jumped nearly 50% to 5.2 million pounds, up from 3.6 million pounds the previous year.
NatWest to buy workplace savings fintech Cushon for $174 mln
  + stars: | 2023-02-13 | by ( ) www.reuters.com   time to read: +1 min
LONDON, Feb 13 (Reuters) - NatWest will buy an 85% stake in workplace savings account provider Cushon for 144 million pounds ($174 million), the British bank said on Monday, as it seeks to grow its product offering to businesses. Cushon's primary products are savings accounts and pensions, NatWest said, allowing the bank to offer a new range of financial products to commercial customers and to their staff. NatWest Chief Executive Alison Rose last year said the bank was on the hunt for such deals, especially in the wealth management sector. Cushon products will at first be offered to NatWest's mid-market corporate customers, following a succesful test last year, the lender said. ($1 = 0.8264 pounds)Reporting by Lawrence White; Editing by Jan Harvey and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Total: 25