NatWest Admits to ‘Serious Failings’ in Nigel Farage Case (2)

NatWest Group Plc said there were “serious failings” in its treatment of the Brexit campaigner-turned-television presenter Nigel Farage, including how it handled his confidential information, as the months-long debanking saga continues to dent its reputation.

The lender said it would make a number of changes to its policies and procedures around exiting clients and will disclose its decision on whether it will cut the pay of former Chief Executive Officer Alison Rose as soon as possible, according to a statement released alongside its third-quarter results on Friday.

Alison Rose

Photographer: Hollie Adams/Bloomberg

“This report sets out a number of serious failings in the ...