{"id":41166,"date":"2023-07-27T11:02:45","date_gmt":"2023-07-27T15:02:45","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/second-natwest-exec-in-two-days-quits-over-nigel-farage\/"},"modified":"2023-07-27T11:02:48","modified_gmt":"2023-07-27T15:02:48","slug":"second-natwest-exec-in-two-days-quits-over-nigel-farage","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=41166","title":{"rendered":"Second NatWest exec in two days quits over Nigel Farage"},"content":{"rendered":"
\n

The second NatWest executive in as many days resigned on Thursday over the bank\u2019s handling of politician Nigel Farage\u2019s accounts. <\/p>\n

Coutts CEO Peter Flavel is leaving the bank by mutual consent, and in a statement, Flavel said \u201cit is right that I bear ultimate responsibility.\u201d The group CEO, Alison Rose, resigned on Wednesday, after admitting she was the source for a BBC story, later corrected, that Coutts only ended its relationship with Farage over commercial reasons.<\/p>\n

\n

The private bank severed its links with Farage, the former leader of the U.K. Independence Party and a prominent Brexit supporter, over reputational grounds, according to documents Farage released.<\/p>\n

Farage said he wrote to Flavel twice without hearing a response before going public.<\/p>\n

\u201cThe ultimate responsibility for the dossier de-banking me for my political views lies with him,\u201d said Farage.<\/p>\n

NatWest\u2019s ADRs
\n NWG,
\n -2.44%<\/bg-quote><\/p>\n

NWG,
\n -0.79%<\/bg-quote>
\n lost 3% in early New York trade.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The second NatWest executive in as many days resigned on Thursday over the bank\u2019s handling of politician Nigel Farage\u2019s accounts. Coutts CEO Peter Flavel is leaving the bank by mutual consent, and in a statement, Flavel said \u201cit is right that I bear ultimate responsibility.\u201d The group CEO, Alison Rose, resigned on Wednesday, after admitting […]<\/p>\n","protected":false},"author":1,"featured_media":41167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-41166","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nSecond NatWest exec in two days quits over Nigel Farage | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The second NatWest executive in as many days resigned on Thursday over the bank\u2019s handling of politician Nigel Farage\u2019s accounts. 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