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Bank chief in Farage row denied £7.6m of payout

Evening Standard

|

November 10, 2023

NATWEST has scrapped about £7.6 million in potential payouts to former boss Dame Alison Rose after she left the company over the "debanking" of Nigel Farage.

- Simon English

Bank chief in Farage row denied £7.6m of payout

Dame Alison stepped down after admitting she had leaked details of Mr Farage's bank account with Coutts, owned by NatWest, to a BBC journalist.

She will forgo shares worth £4.71 million and bonuses worth £2.87 million, although will still walk away with a £2.4 million pay-off. The pay-off is likely to renew talk of "payment for failure" in the City. Mr Farage had called the prospect of Dame Alison getting any pay-off at all as "a sick joke".

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