From 2h ago
07.17 BST
Nigel Farage calls for more leaders to go after
NatWest boss resigns
Good
morning, and welcome to our live coverage of business, economics and financial
markets.
Nigel
Farage has called for more people to resign from NatWest Group following the
dramatic resignation of its chief executive, Alison Rose, amid a row over his account
at the Coutts private banking subsidiary.
Rose
resigned as chief executive of NatWest Group, the FTSE 100 bank, early on
Wednesday morning after admitting to sharing information about Nigel Farage’s
bank account to the BBC.
The board
of the partly state-owned bank, which was formerly known as Royal Bank of
Scotland, met late on Tuesday night to discuss her future, after having said
she had the full confidence of the board earlier that day.
In a
statement released on Wednesday morning, the NatWest Group chairman, Sir Howard
Davies, said:
The board
and Alison Rose have agreed, by mutual consent, that she will step down as CEO
of the NatWest Group. It is a sad moment.
She has
dedicated all her working life so far to NatWest and will leave many colleagues
who respect and admire her.
In a
statement of her own, Rose thanked her colleagues “for all that they have
done”, adding:
I remain
immensely proud of the progress the bank has made in supporting people,
families and business across the UK, and building the foundations for
sustainable growth.
NatWest’s
board of directors also announced that Paul Thwaite, the chief executive for
commercial and institutional business, would take over Rose’s responsibilities
for an initial period of 12 months, pending regulatory approval. The board said
in a statement that appointment of a permanent successor would take place “in
due course”.
We will
have all of the reaction to the news throughout the day.
.webp)
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