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Former NatWest CEO Alison Rose to forgo 7.6 million pounds in additional remuneration

London, Nov 10 (EFECOM).- The former CEO of NatWest Alison Rose, who resigned in July following the controversy over the closure of a bank account of Nigel Farage, former pro-Brexit leader, will not receive the 7.6 million pounds (8.6 million euros) in additional remuneration to which he was entitled, the British bank announced today.

Rose will receive his salary of 2.4 million pounds (2.7 million euros), but will not benefit from the share income or bonuses to which he was entitled.

The former board had admitted a “serious error of judgement” for speaking about the closure of Farage’s account – former leader of the United Kingdom Independence Party (UKIP) at Coutts bank, part of the NatWest group, with a BBC journalist.

The former adviser had been criticized for being identified as the source of incorrect information disclosed by a BBC journalist about Farage’s account.

The public broadcaster was also forced to apologize for the error in its reporting, which indicated that it had been closed because it did not meet the Coutts wealth threshold.

When the account case came to light, Farage admitted he did not know the reasons why it had been closed, but later said he had had access to a document questioning his suitability as a Coutts client.

The document noted concerns about his political ideas and assessed the risk to his reputation if he were considered a client.

Rose, for his part, had indicated that Coutts informed him that the closure of the account was for commercial reasons and that when he spoke with the journalist he had not seen the dossier obtained by Farage. EFECOM

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2023-11-10 13:58:31
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