Rachel Reeves has called in the bosses of the UK biggest banks for crunch talks as the Chancellor grapples with the deepening economic fallout from the war in Iran.
Leading executives from Barclays, HSBC, Lloyds Banking Group, NatWest Group and Santander UK have been asked to attend the meeting with her on Wednesday, according to Sky News. Nationwide, the country’s biggest building society, has also been invited. Sources told the outlet that Vim Maru, Barclays’ retail banking chief; Paul Thwaite, the NatWest CEO; Charlie Nunn, chief executive of Lloyds; Mahesh Aditya, Santander UK’s new chief executive; Debbie Crosbie, the Nationwide CEO, are all expected to attend. It is not yet clear if HSBC will be represented by chief executive Georges Elhedery. It was not clear whether HSBC would be represented by chief executive Georges Elhedery or another senior executive.
