NatWest to Reduce Payout to Former CEO Over Farage Account Closure

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NatWest to Reduce Payout to Former CEO Over Farage Account Closure
NatwestPayoutFormer CEO
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NatWest is poised to scrap much of a £10 million payout to former boss Dame Alison Rose, who quit over the handling of the closure of Nigel Farage’s bank account in July.

NatWest is poised to scrap much of a £10 million payout to former boss Dame Alison Rose , who quit over the handling of the closure of Nigel Farage ’s bank account in July. Ms Rose led the company for four years as chief executive officer, but stepped down on July 25 following the row over the closure of former Ukip leader Mr Farage's account with Coutts, the private bank run by NatWest.

Mr Farage, the founder of the Brexit Party, was a key driving force behind the UK leaving the European Union, and has repeatedly called for lower immigration. These views put him at odds with much of the country, although he also has many supporters.The evidence, which he got from the bank itself through a data request, contradicted a BBC News story that said Mr Farage's account was closed because he didn't meet the £1 million threshold to bank with Coutts.

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