NatWest had initially said its retail bank boss David
Lindberg was an appropriate boss to represent the bank at the
hearing. Rose had blamed diary constraints ahead of the
state-backed lender's full-year results on Feb. 17.
(Reporting by Iain Withers; Editing by Kirsten Donovan and
Deepa Babington)
(Adds Treasury committee comment)
LONDON, Feb 2 (Reuters) - NatWest 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.
"Public scrutiny of our largest financial institutions is
vital," Baldwin said in a statement on Thursday.
Lloyds CEO Charlie Nunn, HSBC UK boss Ian Stuart and
Barclays UK boss Matt Hammerstein are also set to attend the
hearing held by the powerful Treasury Select Committee.
The Bank of England raised its benchmark rate again on
Thursday to 4% - the highest since 2008.
However, customers of the four big high street banks can
expect to earn between 0.5% and 0.65% on their basic savings,
the committee said in a statement.
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