Lloyds and NatWest fell about 2% on Friday after reports that Chancellor John Healey may restore the bank profit surcharge to 8% from 3%. The TUC puts the yield at £2.25bn a year, but the Treasury has not confirmed the option ahead of the October 28 Budget.
Perspective Coverage
3 publishers
- Builder
- Builder 3%
- Operator
- Operator 35%
- Investor
- Investor 62%
Reality
- Evidence45
- Adoption
- Not scored
- Hype gap+25
- Incentives70
- Confidence58
NatWest and Nvidia cut misheard words 20% in the Spending Insights voice tool, now open to 75% of Royal Bank of Scotland customers. The announcement did not disclose a starting error rate, so the gain cannot be sized in absolute terms.
Reality
- Evidence35
- Adoption40
- Hype gap+20
- Incentives70
- Confidence60
NatWest is pulling back from US and European government bond markets, Bloomberg reports
NatWest is pulling back from US and European government bond markets, Bloomberg reported. How much dealer capacity leaves is unclear, because the 79.5 billion pounds of mostly sovereign bonds its markets arm holds is a liquidity buffer.
Reality
- Evidence30
- Adoption
- Not scored
- Hype gap+15
- Incentives
- Not scored
- Confidence35
Bank chiefs meet Healey amid fears his first Budget will raise their tax bill
Bosses of Barclays, HSBC, Lloyds and three other lenders make their tax case to John Healey on Tuesday, just over four weeks before his first Budget. Signals from his Treasury leave lenders that wanted the 3% surcharge phased out defending against a rise.
Reality
- Evidence45
- Adoption
- Not scored
- Hype gap+20
- Incentives70
- Confidence50
Six banks propose voluntary principles for AI shopping agents to declare who they work for at payment
NatWest, Bank of America, Capital One, ING, Commonwealth Bank of Australia and ASB published five voluntary principles on Sept. 22. The firms running agents today did not sign it, and all six co-authors are banks.
Reality
- Evidence52
- Adoption20
- Hype gap+30
- Incentives72
- Confidence42