Probe: UK’s NatWest bank showed ‘serious failings’ over Farage

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LONDON, Oct 27 — UK bank NatWest displayed “serious failings” in its treatment of the banking affairs of arch-Brexiteer Nigel Farage, an independent probe found today.Farage...

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NatWest appointed law firm Travers Smith to investigate the “debanking” controversy, which sparked the resignation of former chief executive Alison Rose in July. NatWest chairman Howard Davies admitted the lender had made “serious failings” in the treatment of the politician. Separately, NatWest revealed Friday that third-quarter net profit more than quadrupled on rising interest rates.

“Credit losses and impairments remain low and we are ready and able to stand by our customers and businesses through the current economic uncertainty.”

 

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