Chairman of Ulster Bank parent says CEO may be docked pay but will not lose job despite her admitting to being source of inaccurate story to BBC
On Tuesday Rose admitted speaking to a BBC reporter about Farage’s account and giving him the impression that the closure was “solely a commercial” decision. She accepted the conversation was a “serious error of judgment”. She said she did not disclose any personal financial information.
The Coutts review concluded that “continuing to bank NF was [not] compatible with Coutts given his publicly-stated views that were at odds with our position as an inclusive organisation”. Davies added that the “overall handling of the circumstances surrounding Mr Farage’s accounts has been unsatisfactory, with serious consequences for the bank”. He promised an independent review, which will be made public.“We have raised concerns with NatWest and Coutts about the allegations relating to account closures and breach of customer confidentiality since these came to light,” said Sheldon Mills, executive director at the Financial Conduct Authority.
“Dame Alison Rose has now admitted that she is the source. She broke client confidentiality, and is unfit to be CEO of NatWest Group,” he said in a statement on Twitter.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Garda contests charges of drink-driving and careless driving in Ennis, Co Clare last yearDavid Kenneally (41), who is suspended, is contesting the ‘very serious’ allegations
Read more »
BBC apologises to Nigel Farage for suggesting he lacked wealth for exclusive bank accountNigel Farage is seeking to put pressure back on NatWest after winning an apology from the BBC, as the row over the closure of his bank account continues.
Read more »
Climate Council: Pace of Ireland’s climate response ‘totally inadequate’Ireland is at 'serious risk' of failing to reach its carbon targets by 2030, according to the latest report from the Climate Change Advisory Council (CCAC).
Read more »
Lea Heart on being a TikTok star: 'I had no experience and it was a scary start'The bestselling singer from Kildare first rose to fame on TikTok and has since sold out shows, supported Lewis Capaldi and is now making history with the Women's National Team
Read more »