After more than a decade trying to rehabilitate their image since an era of bailouts and mis-selling scandals, Britain's banks are once again a target for public - and political - ire.
- the most senior woman in UK banking - after the pair agreed it would be too tough for Rose to continue. The finance ministry says it was the decision of the bank's board., CEO of the 330-year-old private bank Coutts, which counted author Charles Dickens and Queen Elizabeth II as clients.
Harriet Baldwin, chair of the cross-party Treasury committee, said on Friday that banks should be forced to let customers know when better savings rates are available elsewhere. "That's a pretty, pretty heavy price to pay for what would appear to be an error of judgment," Bill Winters, CEO of Standard Chartered, said on Friday.
Samuel Gregg, economist with the American Institute for Economic Research, said the case showed why company leaders had to be wary of wading into public debates. The Farage storm has driven renewed activity online from customers complaining they too have been 'debanked'. A Facebook group named 'NatWest CLOSED down my ACCOUNT' has attracted more than 10,800 members.
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UK bank chief resigns after Nigel Farage’s account dropped over his political beliefsNatWest chief executive Alison Rose resigned Wednesday after Nigel Farage's account with the U.K. bank Coutts was dropped over his political beliefs.
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No Return to Politics, But Crusade Against Cashless Society, Says FarageNigel Farage has said he will continue to act on behalf of the 'tens of thousands' of people in the UK who have already been 'debanked'.
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Coutts CEO Flavel latest to quit at NatWest over Farage debacleBritish bank NatWest said on Thursday the CEO of its private bank Coutts, Peter Flavel, will step down, after he took 'ultimate responsibility' for mishandling the closure of former Brexit party leader Nigel Farage's bank accounts.
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A Bully Pulpit for Debanked Nigel Farage, Crypto for Everyone ElseEveryone has a right to their views and everyone should have a right to a bank account. But not everyone is like Nigel Farage, whose debanking saga became international news, danielgkuhn writes. Opinion.
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Second NatWest exec in two days quits over Nigel FarageThe second NatWest executive in as many days resigned on Thursday over the bank's handling of politician Nigel Farage's accounts.
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