THE GUARDIAN: NatWest, Lloyds, HSBC and Barclays bosses expected to attend FCA meeting and justify disparity between loan and savings rates
The chief executives of the UK’s largest high street banks will face the City watchdog today amid accusations they are ‘profiteering’ as savings rates offered to customers lag well behind surging borrowing costs.
Bosses including NatWest’s Alison Rose, HSBC UK’s Ian Stuart, Barclays UK’s Matt Hammerstein, and Lloyds Banking Group’s Charlie Nunn, will meet the Financial Conduct Authority (FCA) as they come under pressure to justify their decision to keep easy access savings rates low, while the cost of loans and mortgages has soared. » | Kalyeena Makortoff, Banking correspondent | Thursday, July 6, 2023
