The Wall Street JournalThe Wall Street Journal

NatWest CEO steps down after discussing Nigel Farage’s bank account

By Matthew Thomas, Joe Wallace

26 Jul 2023 · 3 min read

informed Summary

  1. NatWest CEO Alison Rose has stepped down after a row over the closure of Nigel Farage's bank account with one of the company's subsidiaries.

NatWest Group Chief Executive Alison Rose has stepped down after her conversation with a journalist about an outspoken Brexit campaigner engulfed the bank in a political drama.

The move came less than a day after Rose admitted “a serious error of judgment” in talking to a journalist about the decision by Coutts, a NatWest subsidiary that caters to the rich, to close the account of Nigel Farage, a well-known and divisive political figure in the U.K.

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