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NatWest CEO Admits 'Serious Error' Over Farage Banking Row

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Summary: NatWest Group CEO Dame Alison Rose admits 'serious error' in handling Nigel Farage's banking row. Farage claimed his account closure was politically motivated, leading to a public dispute with the bank. The BBC apologized for inaccurate reporting, revealing Dame Alison Rose as the source. Calls for Dame Alison Rose's resignation as CEO of NatWest Group grow as government intervention looms. Multiple investigations triggered by Farage's complaint may have significant implications for the bank. ...

Farage vs NatWest: 'Banks don't have the right to judge customers' opinions!' argues David Mellor

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Farage vs NatWest: 'Banks don't have the right to judge customers' opinions!' argues David Mellor Summary: Former cabinet minister David Mellor criticizes NatWest's actions and emphasizes banks' role in providing financial services, not judging customers' opinions. The controversy escalated when NatWest allegedly lied about the reasons for closing Nigel Farage's account, igniting public demands for accountability. Calls for Dame Alison Rose's questioning by MPs gain momentum as the public seeks transparency and consequences for the bank's actions. The scandal highlights the broader issue of banks' involv...

Deny it or RESIGN! Jacob Rees-Mogg says BBC's Farage apology 'points finger' at NatWest CEO

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Summary: Senior Conservative MP Jacob Rees-Mogg calls for NatWest CEO Alison Rose to either deny the allegations against her or resign. BBC issued an apology to Nigel Farage, implicating Rose in the matter, leading to calls for her accountability. Rees-Mogg distinguishes between privacy for public figures and privacy for individuals with specific commercial relationships, emphasizing the need to protect the latter. Calls for a thorough investigation into the alleged privacy breach to determine Rose's suitability to lead NatWest. ...

Nigel Farage’s Bank Account Row Could Stop Politicians Expressing Opinions | Lord Hague

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Summary: UK banks to face strict rules on closing accounts to protect freedom of expression. Nigel Farage's account with Coots closed due to disagreements over political views. Nigel Farage calls for NatWest's CEO to be questioned by the Treasury Select Committee. Experts emphasize the importance of an inclusive banking system. UK banks will face strict rules on closing customers' accounts to protect freedom of expression, following the recent closure of Nigel Fara...

Coutts CEO Peter Flavel Steps Down Following Farage Banking Row

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Summary: Coutts CEO Peter Flavel steps down following the decision to let Nigel Farage go as a customer. Flavel's leadership transformed Coutts , making it one of the most profitable parts of NatWest . The bank faced public scrutiny after leaked documents revealed the real reason behind Farage's departure. Flavel's departure marks the end of a distinguished career at Coutts . Mohammed Kamad will serve as the interim CEO following Flavel's resignation. Co...

FTSE 100 closing out the week higher - Market Report

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Summary: FTSE 100 opened higher on positive results for London listed companies . NatWest announced a £1 billion jump in Bretex profits . Standard Chartered reported a 20% jump in interim profits and announced a $1 billion buyback. International Airlines Group announced a half-year profit of €1.26 billion. AstraZeneca 's deal to buy Pfizer's gene therapy portfolio led to a jump in their stock. Right Moves experienced significant revenue growth. Europa Oil and Gas to take over the Clouton Gas Discovery near Scarborough . ...