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On 20 July 2023, Dame Alison Rose, Group CEO of NatWest Group, wrote to Farage to apologise for the contents of the Wealth Committee report. [47] [48] Rose repeated the bank's offer to Farage of a NatWest bank account and announced that she was commissioning a review into Coutts's processes regarding bank account closures. [47] [48] [49]
Farage in 2018. In June 2023, the private bank Coutts closed the account held by the British politician and broadcaster Nigel Farage, triggering controversy. NatWest, the owner of Coutts, initially claimed that he failed to meet the Coutts eligibility criteria of holding £1,000,000 or more in his account, following the expiry of his mortgage.
Access was a British credit card brand launched by Lloyds Bank, Midland Bank and National Westminster Bank in 1972 to rival the already established Barclaycard. [1] The business operated from Southend-on-Sea, until 1989 when part of the business was transferred to Basildon.
But decision to shut down Mr Farage’s bank account was lawful, an independent review finds
If you see something you'd like to change while viewing the summary of your data, many products have a link on the top-right of the page to take you to that product. When you click the product "Your Account," for example, you can click Edit Account Info at the top of the page to access your account settings. From here, you can make changes.
RBS Group was re-named NatWest Group in 2020. In October 2021, Rose was awarded an honorary degree from Durham University. [28] On 26 July 2023, Rose resigned as chief executive of NatWest Group with immediate effect following the bank's decision to close Nigel Farage's bank account at Coutts. [29]