Taxpayer-backed NatWest was forced into parting ways with chief executive Dame Alison Rose this week because of the political storm over its closure of Nigel Farage’s account, its embattled chairman said on Friday.
The remarks by Sir Howard Davies came as the bank capped a turbulent week with a £1 billion surge in profits, which fuelled criticism that NatWest and its High Street competitors are failing to pass on higher Bank of England interest rates to millions of savers.
