NatWest will cancel £7.6 million worth of bonuses for its former boss Dame Alison Rose, but she will still be paid £1.7 million after her exit in the wake of the controversy over the closure of Nigel Farage’s bank account.
Rose quit earlier this year after it was revealed that she had been the source for a BBC report, which the broadcaster later acknowledged was inaccurate, about the closure of Nigel Farage’s account with Coutts bank, owned by NatWest. The report claimed that the closure was purely based on financial factors, but Farage later produced a dossier showing that Coutts’ reputational risk management team had collected information about his political positions.
