UK policing minister Chris Philp expressed approval of Natwest CEO Alison Rose’s resignation on July 26, 2023. She admitted discussing the financial affairs of politician Nigel Farage with a journalist.
Philp believed her resignation was right and would restore public trust in Natwest. He stressed the need for the bank to prevent such incidents in the future.
BBC’s story claimed Farage’s Coutts account was closed for “commercial reasons.” However, it emerged that Rose leaked this information to a journalist without Farage’s consent.
Rose’s resignation garnered mixed reactions. Some praised her accountability, while others criticized her lack of honesty. Natwest’s response in the coming weeks will be crucial.
Reportedly, Rose’s total take-home amount upon leaving Natwest was £5.2 million, almost 50% higher than her 2021 salary.
The long-term impact of Rose’s resignation on Natwest remains uncertain. Nevertheless, public confidence in the bank has been shaken, and trust rebuilding is crucial.
