Natwest to scrap Alison Rose bonus after Farage debanking scandal, bank to confirm
Natwest is expected to scrap large parts of Alison Rose's bonus, according to reports, after the Farage debanking furore
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Natwest is expected to scrap large parts of Alison Rose's bonus, according to reports, after the Farage debanking furore
The former NatWest chief executive will lose out on her payout following her exit.
British bank NatWest on Friday said it had axed almost GBP7.6 million ($9.3 million) worth of potential payouts for Alison Rose, its former chief executive who resigned over the lender's treatment of arch-Brexiteer Nigel Farage.
British bank NatWest on Friday said it had axed almost £7.6 million ($9.3 million) worth of potential payouts for Alison Rose, its former chief executive who resigned over the lender's treatment of arch-Brexiteer Nigel Farage.An independent investigation last month found that NatWest displayed "serious failings" in its treatment of the banking affairs of Farage.
Former NatWest Group chief executive Alison Rose will miss out on nearly £8m in share awards and bonuses, it was confirmed on Friday, as the lender looks to draw a line under Nigel Farage debanking row.