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LONDON, March 2 (Reuters) - Britain's Nationwide Building Society has restricted customers' ability to buy cryptocurrencies, the lender said in an email to its members on Thursday. Nationwide said it will not allow payments to crypto exchanges using credit cards and will limit adult current accounts to 5,000 pounds ($5,995) of purchases per day. The building society said the move was in response to regulatory concern over the risks of buying digital currencies. Cryptocurrency prices surged in 2020 and 2021 before sharp declines last year as rising interest rates prompted investors to ditch riskier assets. In November, as part of measures to protect customers from scams, Santander (SAN.MC) introduced limits on the amount customers could transfer to cryptocurrency exchanges and said it would soon block UK customers from sending any real-time payments to cryptocurrency exchanges.

☆ These high-dividend stocks are expected to rally, with analysts giving one 60% upside
▼ + stars: | 2023-02-21 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

High-yielding stocks are back in the spotlight as volatility persists, inflation remains hot and Treasury yields continue to rise. Canadian firm Pembina Pipeline Corporation , as well as EOG Resources, offered high dividend yields at nearly 7% and almost 6% respectively. Both are also expected to have high earnings growth ahead, with forecasts of 146% for Pembina and 62% for EOG. Analysts also give EOG average potential upside of nearly 32%. Hong Kong-listed shipping logistics firm SITC International Holdings also had a notably high dividend yield of 8.5% and nearly 60% potential upside.

☆ UK unemployment is still 'unbelievably low,' says NatWest Group's CFO
▼ + stars: | 2023-02-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK unemployment is still 'unbelievably low,' says NatWest Group's CFOKatie Murray, CFO of NatWest Group, says one of the things she looks out for "more than anything" is the unemployment rate.

☆ FTSE 100 slips from record high as upbeat data stokes Fed rate jitters
▼ + stars: | 2023-02-06 | by ( Sruthi Shankar | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) fell 0.6% after hitting a record high of 7,906.58 in the previous session. Attractive valuation levels compared to overseas peers and the large divergence in performance between different parts of the market "create good opportunities for attractive returns from UK stocks in the next 3-5 years", he added. The domestically-focussed FTSE 250 (.FTMC) fell 0.8%, after climbing an eight-month peak last week. Online trading platform Plus500 Ltd (PLUSP.L) jumped 4.2% after it got licence to expand in the UAE. Reporting by Sruthi Shankar in Bengaluru; Editing by Subhranshu Sahu and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

The SEC's whistleblower program was created as part of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, a law passed in response to the 2008 financial crisis. Under the law, eligible whistleblowers can receive a cash award of between 10% and 30% of any monetary sanctions collected above $1 million. Hong provided further documentary evidence, helping FHFA and the U.S. Justice Department secure settlements with RBS for $5.5 billion and $4.9 billion, respectively. Hong sought an award under the SEC's whistleblower program but the commission declared him ineligible because the action against RBS was not taken by the commission itself. Hong's lawyers appealed to the Supreme Court, contending that the SEC is undermining the aim of Congress to incentivize and award whistleblowers by "coordinating enforcement efforts with other agencies and then refusing to pay an award."

From Nov. 15 this year, the bank will join other UK retail banks in limiting customer transfers to cryptocurrency exchanges. Santander customers will face limits of 1,000 pounds ($1,123) per transaction and 3,000 pounds in total in any rolling 30-day period, for transfers to crypto exchanges via mobile and online banking. Customers will still be able to receive payouts from crypto exchanges into their accounts. Santander has seen a "large increase" in UK customers becoming victims of cryptocurrency fraud in recent months, a notice on its website said. Faster Payments is the infrastructure which facilitates real-time bank transfers for most UK bank accounts.

☆ NatWest Group CFO: Loan impairments remain 'extremely low'
▼ + stars: | 2022-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNatWest Group CFO: Loan impairments remain 'extremely low'Katie Murray, CFO of NatWest Group, says that reflects the health of its customer base.

☆ Cost of insuring UK debt against default drops as Sunak becomes PM
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 24 (Reuters) - The cost of insuring Britain's debt against default fell to its lowest since last month's "mini budget", according to data from S&P Global Market Intelligence on Monday, after Rishi Sunak won the race to become Britain's next prime minister. Five-year sovereign credit default swaps (CDS) on UK government debt fell to 30 basis points, from 35 bps at Friday's close. This was their lowest since Sept. 23, when outgoing Prime Minister Liz Truss and her then-finance minister Kwasi Kwarteng unveiled a fiscal plan that contained billions of pounds in unfunded tax cuts. Sunak, who served as finance minster under Boris Johnson, said on Monday Britain faced serious economic challenges and needed stability and unity. Register now for FREE unlimited access to Reuters.com RegisterReporting by Amanda Cooper; Editing by Karin StroheckerOur Standards: The Thomson Reuters Trust Principles.

☆ FTSE 100 extends gains, UK inflation back at 40-year high
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies FTSE 100 up 0.1%, FTSE 250 down 0.2%Oct 19 (Reuters) - UK's blue-chip index edged higher on Wednesday after a strong Wall Street session driven by earnings optimism, although data showed UK inflation hit a 40-year high again, highlighting persistent price pressures that have hurt consumer spending. The FTSE 100 index of top UK companies (.FTSE) rose 0.1% by 0714 GMT, entering its fifth day of gains, aided by a historic reversal of the new government's failed fiscal plan that had battered the bond markets. Meanwhile, futures signalled a strong start for U.S. stocks after Netflix Inc (NFLX.O) projected more growth ahead. The wider banking index (.FTNMX301010) was down 0.4%, while the investment banking & brokerages index (.FTNMX302020) dropped 0.7%. The domestically exposed FTSE 250 index (.FTMC) slipped 0.2% after a four-day winning run.

Royal Bank of Scotland signs are seen at a branch of the bank, in London, Britain December 1, 2017. RBS agreed to settle Justice Department and FHFA investigations over its sales of residential mortgage-backed securities in the run-up to the financial crisis. The SEC did not pursue its own action against RBS in this instance. The petition Hong filed on Monday asks the Supreme Court to consider what constitutes an "action" within the SEC's whistleblower incentive program. "The better a whistleblower's information, the larger the sanctions, the larger the whistleblower award, and the greater the self-interested motivation for the SEC to take enforcement actions that it has conveniently placed outside of Dodd-Frank's reach," it added.

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