Natwest boss quits £5.2m a year job after leaking inaccurate information about Nigel Farage's bank account

  • 📰 LBCNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

The CEO of NatWest is stepping down after admitting a 'serious error of judgment' in leaking information about Nigel Farage's bank account

The BBC and its business editor Simon Jack apologised, saying the reporting had been based on information from a "trusted and senior source" but "turned out to be incomplete and inaccurate".She said she had not revealed “any personal financial information” about Mr Farage but admitted: “I left Mr Jack with the impression that the decision to close Mr Farage’s accounts was solely a commercial one.

Sir Howard said the "overall handling of the circumstances surrounding Mr Farage's accounts had been unsatisfactory, with serious consequences for the bank", before promising an independent review, which will be made public.Sheldon Mills, Financial Conduct Authority executive director for consumers and competition, said it had raised concerns about breaches of confidentiality by Coutts and its parent company NatWest.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 75. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Natwest boss to step down after leaking information about Nigel Farage's bank accountThe head of one of Britain's biggest banking groups has agreed to step down after admitting to leaking private information about Nigel Farage's account to a journalist.
Source: LBCNews - 🏆 75. / 59 Read more »