Nigel Farage debanking row: NatWest chairman under pressure after BBC apology
Former Ukip leader urges bank boss to launch inquiry into who leaked his private information
Pressure is mounting on NatWest to reveal whether its chief executive played a role in leaking private information about Nigel Farage.
Dame Alison Rose’s career is “hanging in the balance”, said The Daily Telegraph, after the BBC apologised on Monday for an inaccurate story that claimed Coutts, which is owned by NatWest, shut down Farage’s bank accounts because he did not meet its financial requirements.
The former Ukip leader subsequently obtained a 40-page report from Coutts indicating that his account was closed because it had found his public statements did “not align with our values”.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
On 4 July the BBC published the story by its business editor, Simon Jack, who claimed it came from “a trusted and senior source”. However, apologising on Twitter, he said “the information turned out to be incomplete and inaccurate”.
Having secured and accepted an apology from the BBC, Farage has “sought to put pressure back on NatWest” and challenged the bank’s leadership to investigate how his private financial information became public, reported The Independent.
“This now goes right back to the Natwest Banking Group,” he said. “Someone in that group decided it was appropriate, legal and ethical to leak details of my personal financial situation. That, I think, is wrong on every level – and that is where the spotlight should be and it will.”
That spotlight has now landed on Dame Alison Rose, who The Telegraph reported sat next to Simon Jack at a charity dinner in London the night before the article was published. The NatWest chief executive has already issued an apology to Farage for the “deeply inappropriate comments” about him in the report.
Farage has demanded that NatWest’s chairman, Sir Howard Davies, launches a board-level inquiry to determine who leaked his information to the BBC.
It comes as the Financial Times reported the Treasury will this week summon the heads of Britain’s biggest banks to explain how they intend to ensure that customers are not “de-banked” for their political views.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Brazil's war on illicit hot air balloons
Under the Radar Secret 'baloeiros' fly flamboyantly colourful creations over Rio's favelas, despite nationwide ban
By Harriet Marsden, The Week UK Published
-
Today's political cartoons - December 22, 2024
Cartoons Sunday's cartoons - the long and short of it, trigger finger, and more
By The Week US Published
-
5 hilariously spirited cartoons about the spirit of Christmas
Cartoons Artists take on excuses, pardons, and more
By The Week US Published
-
NatWest and RBS trial new fingerprint bank cards
Speed Read Biometric payment system will allow customers to spend more than £30 using contactless cards
By The Week Staff Last updated
-
Should hedge funds be banned from private polling?
Speed Read Businesses accused of gaming referendum result to make billions in profits
By The Week Staff Last updated
-
RBS to cut 162 branches and 792 jobs
Speed Read Move comes days after taxpayer-owned bank announced 206% rise in profits
By The Week Staff Last updated
-
RBS and Natwest customer payments go 'missing'
Speed Read Technical glitch has affected 600,000 transactions across RBS, NatWest and Ulster Bank
By The Week Staff Published
-
RBS fined £14.5 million for poor mortgage advice
Speed Read The latest in a long line of 'unacceptable' failings could have cost borrowers their homes, says regulator
By The Week Staff Published
-
Toasts to Osborne in Tunbridge Wells: but what about the rest?
In Depth Comfortably-off savers and pensioners get a Budget boost – and a reason (perhaps) to vote Tory not Ukip
By The Mole Published