Wednesday, July 26, 2023

NatWest Boss Alison Rose Resigns over Nigel Farage Coutts Account Row

THE GUARDIAN: Former Ukip leader obtained report suggesting media coverage of his political views was considered in Coutts closure decision,br />
NatWest chief Alison Rose has stood down from the bank. Last week she apologised for ‘deeply inappropriate comments’ about Nigel Farage in an internal report. Photograph: Carl Court/Getty Images

Dame Alison Rose, the chief executive of NatWest Group, has stood down after a row over the closure of Nigel Farage’s bank account with the private bank Coutts, which NatWest owns.

Rose has resigned from the banking group after the former UK Independence party leader complained to the BBC about a report that claimed his accounts with Coutts were closed for commercial reasons. The broadcaster has since apologised and amended its story.

Farage said Rose’s exit was “a start” but called for the whole Natwest board to go. He told GB News that the resignation “had to happen”, adding: “The first rule of banking is you have to respect the privacy of the customer.”

The Ukip leader told BBC Radio 4’s Today programme the entire board ought to quit because it had approved a statement from Rose earlier on Tuesday in which she said she had not revealed “any personal financial information”. » | Anna Isaac and Kalyeena Makortoff | Wednesday, July 26, 2023

Who is Alison Rose, the NatWest CEO forced to quit over Nigel Farage row?: The rise and fall of the group’s first female boss, who took up the role in 2019 »

NatWest boss quits after Nigel Farage leak admission: Chairman calls Dame Alison Rose's resignation a 'sad moment' as board confirms Paul Thwaite will take over temporarily pending approval »