The second NatWest executive in as many days resigned on Thursday over the bank’s handling of politician Nigel Farage’s accounts.
Coutts CEO Peter Flavel is leaving the bank by mutual consent, and in a statement, Flavel said “it is right that I bear ultimate responsibility.” The group CEO, Alison Rose, resigned on Wednesday, after admitting she was the source for a BBC story, later corrected, that Coutts only ended its relationship with Farage over commercial reasons.
The private bank severed its links with Farage, the former leader of the U.K. Independence Party and a prominent Brexit supporter, over reputational grounds, according to documents Farage released.
Farage said he wrote to Flavel twice without hearing a response before going public.
“The ultimate responsibility for the dossier de-banking me for my political views lies with him,” said Farage.
NatWest’s ADRs
NWG,
NWG,
lost 3% in early New York trade.
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