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But decision to shut down Mr Farage’s bank account was lawful, an independent review finds
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]
The 2012 RBS computer system problems were technical issues affecting computers run by the Royal Bank of Scotland Group (now NatWest Group), including National Westminster Bank, The Royal Bank of Scotland and Ulster Bank, which began on 19 June 2012. In 2014, RBS was fined £42m over the incident. [1]
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.
The chief executive of NatWest, one of Britain's biggest banks, left her job on Wednesday after discussing personal details of a client — the populist politician Nigel Farage — with a ...
It engaged principally in consumer lending on a nationwide basis, offering a full range of services including credit cards, lines of credit, installment loans, student loans and home equity loans. NatWest Services, Inc. in Scranton, Pennsylvania provided the operations and servicing facility for NatWest Bank, N.A. and NatWest Bank (Delaware). [10]
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In June 2023, the Irish Government and NatWest Group each sold 5% stakes in the bank leaving them with 57.4% and 11.7% share respectively. [19] In October 2023, Permanent TSB launched an overhaul of its brand and business, rebranding to PTSB, following its acquisition of a large portion of Ulster Bank which was withdrawing from the Republic of ...