Monday, 4 Dec 2023

NatWest ‘to scrap bulk of £10m payout to former CEO’ after debanking row

NatWest is reportedly on the brink of scrapping the bulk of a suggested £10m or more payout to its former CEO Dame Alison Rose, after the debanking row involving Nigel Farage.

Sky News reports that NatWest’s board has decided to not pay Dame Alison most of the discretionary elements of her pay package due at the end of the year.

The decision is reportedly due to be announced to the London Stock Exchange on Friday, according to a source.

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