NatWest

NatWest ditches EY as auditor in blow to firm’s radical break-up plan

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EY is set to lose its £40mn-a-year role auditing NatWest to its rival PwC in a blow to the Big Four accountant’s attempt to win support for its plan for a radical break-up of its audit and consulting businesses. NatWest will drop EY after a competitive tender process that has run since June, five people … Read more

NatWest to refund £600,000 to businesses forced to open costly accounts

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NatWest is set to refund £600,000 to hundreds of business customers after the UK’s competition regulator found it wrongfully required them to open fee-bearing accounts. The compensation for more than 700 small and medium-sized businesses, announced on Wednesday is the latest case of a lender falling foul of rules on “bundling”, in which SMEs looking … Read more