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Flavel has stepped down by 'mutual consent' with immediate effect

Online News Editor

The boss of private bank Coutts has announced his resignation, following CEO of parent bank NatWest Dame Alison Rose out the door amid a storm over the handling of Nigel Farage’s accounts.

Peter Flavel has stepped down by “mutual consent” with immediate effect, Coutts’ acting CEO Paul Thwaite said in a statement.

Coutts chief executive Peter Flavel steps down over Farage-NatWest debacle

Penny Sukhraj

NatWest

London Stock Exchange fires US employee after video of ‘racist’ altercation

‘I was considered the most junior person in the room’: Senior disabled finance workers on promotion battles and prejudiced attitudes

JPMorgan boss Jamie Dimon to meet chancellor Rachel Reeves ahead of Labour government’s first Budget

Abrdn names tech chief for investments unit in latest appointment under Jason Windsor

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Alain Courbebaisse will take on role in the new year

Simpson Thacher hires Sidley Austin finance duo in London

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Leveraged finance lawyers are in high demand in London

Trading Places: EY names UK financial services head, BofA promotes 387 MDs

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Find out who is on the move in the City and beyond this week

Donald Trump has transferred all 114.75 million of his shares in Trump Media & Technology, Truth Social’s parent company, to a revocable trust in his control.

Trump Transfers Entire $4 Billion Truth Social Stake to His Revocable Trust

Experts at leading brokerages say they are hewing closer to the official government line in response to signs of tighter monitoring.

China Tells Chief Economists: Be Positive, or Else

Forget the conference room with HR. Some companies, including GM, are cutting out human contact altogether when eliminating jobs.

When the Pink Slip Comes Via Text and Email

Hiring good people for compliance departments is getting harder as young professionals increasingly gravitate toward business careers with more curb appeal.

Compliance Wants to Go From Back-Office-Boring to Front-of-Mind Career Path

Asset managers hoping to seize on the momentum of bitcoin funds are jockeying to put smaller tokens into exchange-traded funds.

Bitcoin Went Mainstream in 2024. Are Ether, Solana and Other Risky Tokens Next? 

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