Regulation

Coutts’ exit of Farage was lawful, review finds

Regulator continues to probe the bank, however, as de-banking debate rumbles on

The Farage affair claimed the scalp of NatWest CEO Dame Alison Rose, but no decision has been taken on her payoff yet
The Farage affair claimed the scalp of NatWest CEO Dame Alison Rose, but no decision has been taken on her payoff yet Photo: Chris J. Ratcliffe/Getty Images

Coutts' decision to cut ties with former UKIP leader Nigel Farage was lawful, a review by a law firm into the saga has found.

The NatWest-owned private bank decided to 'de-bank' the controversial politician in the summer, citing both commercial factors including that his mortgage was coming to an end, but also expressed discomfort with his views on issues such as immigration.

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