The ex-boss of NatWest, Dame Alison Rose, will lose out on £7.6m after she admitted to discussing the closure of Nigel Farage’s bank account.
Dame Alison will receive her £2.4m fixed pay package, but will not benefit from share awards and bonuses she had previously been entitled to.
Dame Alison resigned in July after she spoke about Mr Farage’s bank account with Coutts, which is owned by NatWest.
Dame Alison resigned in July after she spoke about Mr Farage’s bank account with Coutts, which is owned by NatWest.
“I am pleased that NatWest Group has confirmed that no findings of misconduct have been made against me,” Dame Alison said in a statement, adding that the settlement had brought “the matter to a close”.
In its announcement of her pay deal, however, NatWest said Dame Alison had not been given “good leaver” status.
If she had, Dame Alison would have been entitled to receive the entire amount which, after including her yearly salary, would have exceeded £10m.
Mr Farage said the decision by the bank, which is 39%-owned by the government, was “correct and right”.
“She will still walk away though with about two and a half million pounds, so please don’t feel too sorry for her,” he added in a video posted on X, formerly Twitter.
The ex-boss of NatWest, Dame Alison Rose, will lose out on £7.6m after she admitted to discussing the closure of Nigel Farage’s bank account.
Dame Alison resigned in July after she spoke about Mr Farage’s bank account with Coutts, which is owned by NatWest.
Dame Alison will receive her £2.4m fixed pay package, but will not benefit from share awards and bonuses she had previously been entitled to.
“I am pleased that NatWest Group has confirmed that no findings of misconduct have been made against me,” Dame Alison said in a statement, adding that the settlement had brought “the matter to a close”.
Dame Alison resigned in July after she spoke about Mr Farage’s bank account with Coutts, which is owned by NatWest.
Dame Alison resigned in July after she spoke about Mr Farage’s bank account with Coutts, which is owned by NatWest.
“I am pleased that NatWest Group has confirmed that no findings of misconduct have been made against me,” Dame Alison said in a statement, adding that the settlement had brought “the matter to a close”.
In its announcement of her pay deal, however, NatWest said Dame Alison had not been given “good leaver” status.
If she had, Dame Alison would have been entitled to receive the entire amount which, after including her yearly salary, would have exceeded £10m.
Mr Farage said the decision by the bank, which is 39%-owned by the government, was “correct and right”.
“She will still walk away though with about two and a half million pounds, so please don’t feel too sorry for her,” he added in a video posted on X, formerly Twitter.
#ExNatWest #boss #Alison #Rose #loses #7.6m #Nigel #Farage #row
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