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Decision details

Banking Arrangements

Decision Maker: Leader of the Council (expired), Leader of the Council

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No


To consider the information received from the Council’s banker (the National Westminster Bank plc) in relation to their obligation to divest a significant part of their business to a third party bank, including appropriate actions to minimise disruption whilst retaining control over decisions regarding the Council’s financial affairs.



That the following be agreed:


  a)  The Director of Regeneration & Communities write to the National Westminster Bank confirming the Council’s intention to terminate its banking arrangements by 1st April 2012 and requesting deferral of the proposed divestment.


  b)  The Head of Finance & Customer Services commences a tendering exercise to select an appropriate alternative banker that meets the Council’s specification.


  c)  Officers report back to me if the response from the National Westminster Bank is not favourable to the course of action outlined in the urgent report of the Head of Finance and Customer Service.



Reason Key: Expenditure > £250,000;

Details of the Committee: None

Representations should be made by: Urgent repressentations to the Head of Finance & Customer Services.

Other reasons / organisations consulted

Contact Paul Riley, Head of Finance & Customer Services



Contact: Email:

Report author: Paul Riley

Publication date: 05/08/2011

Date of decision: 05/08/2011

Decided: 05/08/2011 - Leader of the Council (expired)

Accompanying Documents: