up, the goldilocks also coming up, the goldilocks economy. not too hot, not too cold. will the us see a fairy tale end to the crisis without falling into recession? and charging off the grid. the formula e season reaches its climax in london this weekend, but can the electric race series ever match the multibillion dollar power of f1? well, we start here in the uk with the row over the debanking of brexit campaigner nigel farrage. late on friday, banking giant natwest announced the re iing nation of the private banking arm of coutts.
incidentjust underlines the difficult line that banks have to tread between complying with anti money laundering regulation and on the other hand, also treating customers fairly and not discriminating. natwest clearly got it wrong in this instance. but we re hoping that following today s results, you can draw a line under that. what we really care about is there any fallout here in terms of conduct issues and that means large numbers of customers contacting the bank and the bank responding to that. it doesn t look at the moment like that is going to be the case. for the moment, it s just a higher cost of equity from analyst models and hopefully a line drawn under it. ., ., y hopefully a line drawn under it. ., ., , ., ., hopefully a line drawn under it. how do they do that today? do ou it. how do they do that today? do you think it. how do they do that today? do you think that it. how do they do that today? do you think that they - it. how do they do that today? do you think that
watching and monitoring incoming economic reports to decide whether another rate hike was warranted or if they were done. hot on that meeting s heels, data released on thursday showed the us economy grew at a 2.4% annual rate between april and june. the strong data boosted hopes that central bank policymakers would pull off what economists refer to as an immaculate tightening. in other words, that while the fed may have been raising rates more quickly than ever in american history, it will end up having done so without putting the economy into a recession. later today, british banking giant natwest is due to deliver its latest earnings. the bank battles a scandal. this is following a row over the closure of the account of nigel farage. mr farage claims his account was closed because of his political views. peter flavel head
also coming up, the goldilocks economy. not too hot, not too cold. will the us see a fairy tale end to the crisis without falling into recession? and charging off the grid. the formula e season reaches its climax in london this weekend, but can the electric race series ever match the multibillion dollar power of f1? well, we start here in the uk with the row over the debanking of brexit campaigner nigel farrage. late on friday, banking giant natwest announced the re iing nation of the private banking arm of coutts.
it came a day after the natwest ceo was forced to step down after mr farrage had a report that claimed it had closed his account because of his political views which he described as xenophobic and at odds with the bank s inclusionive organization. david coutts said that there was a serious error of in talk being it with the bbc editor. that led to an inaccurate story about why it was closed suggesting that mr farage didn t have enough money to bank with them. it has wiped £1 billion off the value of natwest and agree to look at the closure of customer accounts. that had had more scrutiny today report half yearly accounts. our correspondent says that they will be trying to draw a line under the row.