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NatWest CEO to face UK lawmakers on savings rates after U-turn

NatWest CEO to face UK lawmakers on savings rates after U-turn By Reuters

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Economy 17 minutes ago (Feb 02, 2023 17:50)

© Reuters. FILE PHOTO-The logo of NatWest Bank, part of the Royal Bank of Scotland group is seen outside a branch in Enfield, London Britain November 15, 2017. REUTERS/John Sibley

LONDON (Reuters) – NatWest (LON:NWG) CEO Alison Rose will face a grilling by British lawmakers next Tuesday over whether lenders are passing on enough of central bank interest rate rises to consumers, after initially saying she was too busy to attend.

“Following further discussions with the Treasury Committee on the vital issues at hand, Alison Rose will be attending next week’s Committee hearing,” a spokesperson for NatWest said.

Harriett Baldwin, chair of the committee, had said on Wednesday that she was keen for all major banks’ top bosses to appear and for there not to be an all-male panel.

Lloyds (LON:LLOY) boss Charlie Nunn and executives from Barclays (LON:BARC) and HSBC (LON:HSBA) are also set to attend the hearing held by the powerful Treasury Select Committee next week.

NatWest had initially said its retail bank boss David Lindberg was an appropriate boss to represent the bank at the hearing.

NatWest CEO to face UK lawmakers on savings rates after U-turn

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