HomeNewsDowning Street Applauds NatWest CEO Dame Alison Rose's Resignation Over Farage Leak,...

Downing Street Applauds NatWest CEO Dame Alison Rose’s Resignation Over Farage Leak, Calls For Board Accountability

NatWest chair Sir Howard Davies confirms Rose's departure, acknowledging her dedication to the bank and the respect and admiration she garnered from colleagues.

The Prime Minister, Rishi Sunak expresses concern over the unfolding situation; Alison Rose resigns and receives support for her decision to step down.

The source highlights the expectation for individuals in public life, including those in leadership roles, to act responsibly and with integrity.

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The former CEO’s admission of being the source behind a false story about Nigel Farage on BBC sparked a significant uproar.

Simon Jack, the broadcaster’s Business Editor, incorrectly reported that Farage lost his account due to insufficient funds, whereas it was actually closed due to his legally held political opinions.

The NatWest board initially stood by Rose, causing anger among ministers and MPs. However, by 2 am, Rose’s time was up, resulting in a 3.3% decrease in the bank’s shares.

Farage now calls for the entire board to resign, emphasizing Rose’s breach of client confidentiality.

Policing Minister Chris Philp considers Rose’s resignation the right move, highlighting her sharing of confidential information about Farage with a journalist.

Philp also criticizes the denial of banking services based on political views, stressing the importance of free speech and freedom of political opinions.

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NatWest chair Sir Howard Davies confirms Rose’s departure, acknowledging her dedication to the bank and the respect and admiration she garnered from colleagues.

Former Brexit secretary David Davis expresses his opinion on “woke corporatism,” deeming it irrational, and urges businesses to focus on providing services, generating returns for shareholders, creating employment opportunities, and abiding by the law.

 

 

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