Timeline of occasions which led to Dame Alison Rose quitting as NatWest boss
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atWest boss Dame Alison Rose has resigned after admitting she was the supply of an inaccurate story about Nigel Farage’s funds.
The resignation follows days of strain on the banking group’s management following a dispute over whether or not Mr Farage’s checking account at prestigious personal financial institution Coutts was closed due to his political beliefs.
Here, the PA news company seems to be at how the story has unfolded:
– June 29
Nigel Farage claims his financial institution accounts have been closed. He mentioned the unnamed banking group, which he has been with since 1980, informed him it was a industrial resolution.
– July 4
The BBC publishes an article suggesting the previous Ukip chief fell under the monetary threshold wanted to carry an account with Coutts.
Mr Farage accuses Coutts of being “dishonest” amid a dispute over whether or not his checking account was closed due to his political beliefs.
Prime Minister Rishi Sunak mentioned banks shouldn’t be allowed to shut prospects’ accounts due to their views.
– July 18
Mr Farage mentioned he has obtained paperwork displaying Coutts determined to shut his account as a result of his views “do not align with our values”.
– July 20
NatWest chief government Dame Alison Rose apologises to Mr Farage for “deeply inappropriate comments” in papers that had been ready for the Wealth Reputation Risk Committee and mentioned they “do not reflect the view of the bank”.
The Treasury pronounces UK banks can be topic to stricter guidelines over closing prospects’ accounts.
– July 21
The BBC amends a narrative about Mr Farage’s Coutts checking account after coming below hearth from the politician for suggesting he lacked the funds wanted to carry an account.
– July 24
The BBC and its enterprise editor Simon Jack apologise to Mr Farage for beforehand suggesting he lacked the funds wanted to carry an account at Coutts, which is owned by NatWest Group.
– July 25
An emergency board assembly at NatWest known as to find out Dame Alison’s future.
– July 26
Dame Alison resigns from her place within the early hours. Earlier, she mentioned she made a “serious error of judgment” when she mentioned Mr Farage’s relationship with Coutts with a BBC journalist.
No 10 says Dame Alison is not a member of Prime Minister Rishi Sunak’s enterprise council after her resignation as NatWest’s chief government.