THE GUARDIAN: Ousting of boss of private bank may not be last departure as prime minister fails to back chairman Howard Davies
The head of private bank Coutts has been ousted over the closure of Nigel Farage’s bank accounts in a desperate attempt by NatWest to contain a crisis that has wiped £1bn off its share price.
Peter Flavel’s resignation from Coutts was pushed through by the NatWest interim chief executive, Paul Thwaite, but despite the move, the future of its chairman, Sir Howard Davies, appeared far from secure.
The prime minister pointedly failed to back Davies, despite concern over the government’s role in the shock departure of the chief executive, Alison Rose, which was announced in the middle of the night earlier this week. While the City minister, Andrew Griffith, said in an interview with Sky News on Wednesday that it was not necessary for Davies to quit earlier than planned, Rishi Sunak refused on Thursday to give the chairman his backing. » | Kalyeena Makortoff and Anna Isaac | Thursday, July 27, 2023
Related.
