London Daily

Focus on the big picture.
Saturday, May 10, 2025

Nigel Farage Calls for NatWest Board to Resign Amid Bank Account Closure Controversy

Nigel Farage Calls for NatWest Board to Resign Amid Bank Account Closure Controversy

Nigel Farage, the former UKIP leader, has called for the entire NatWest board to resign following the row over the closure of his bank account with Coutts, a subsidiary of NatWest.
Farage said that Dame Alison Rose, the CEO of NatWest, should not be the only one to resign, but the entire board should also go.

He claimed that the board had behaved inappropriately and that they should all be held accountable.

The ex-city minister, Andrew Griffiths, said that Sir Howard Davies, the chairman of NatWest, was already on his way out and there was no need for him to resign.

Griffiths added that a search was underway to find a replacement for Davies, who was expected to retire in the middle of next year.

The row between Farage and NatWest began in early July when Farage claimed that his bank account had been closed without reason.

He later revealed that he had been told that his views "did not align with the values of the bank." In response to the controversy, Dame Alison apologized for making "deeply inappropriate comments" and said that the documents prepared for the Wealth Reputation Risk Committee did not reflect the views of the bank.

Farage had highlighted a discrepancy between the apology issued by the BBC's chief executive, Deborah Turness, and the statement issued by NatWest in support of Dame Alison.

He claimed that the BBC had gone back to the source to check the information, while NatWest stood by their support of Dame Alison.

The City Minister said that it was important that lessons were learned from the controversy, and that the bank should not be telling people what to think or which political party to support.

The BBC has also been criticized for its role in the controversy, with some claiming that it should have verified the information before running the story.

The controversy has raised questions about the accountability of bank executives and the role of the media in reporting banking issues.

It also highlights the ongoing debate about the relationship between politics and banking, and the role of banks in shaping public opinion.

The UK Treasury and data protection regulators have met with the country's leading banks and building societies to discuss the importance of upholding customers' lawful freedom of expression.

The meeting was prompted by recent events that have shaken public trust in the banking sector as a whole.

The Treasury said bank bosses acknowledged that recent events had damaged public trust in the sector, and agreed to bring their policies into line with planned regulations that will make it easier for customers to understand the reasons behind the closure of their bank accounts.

The Information Commissioner, John Edwards, emphasized the importance of banks being transparent and accurate in their handling of customer data.

He reminded banks of their responsibility to the public and urged them not to hold inaccurate information or use data in an unexpected or undue manner.

Banks should also only hold the minimum amount of information necessary and follow the law when it comes to gathering information about politically exposed persons.

The meeting highlights the need for banks to restore public trust by ensuring their policies align with regulations and ethical standards.

With data protection and privacy concerns at the forefront of the discussion, banks must take steps to regain the confidence of their customers and the wider public.
Newsletter

Related Articles

0:00
0:00
Close
Cardinal Robert Prevost Elected as Pope Leo XIV, Marking a Historic Papacy
Newark Mayor Ras Baraka Arrested at ICE Facility Amid Congressional Visit
India-Pakistan conflict may be first test for Chinese military tech
Bill Gates Announces Plan to Wind Down Philanthropic Foundation and Disperse Wealth
Historic Papal Conclave Set to Commence in Rome
Huge Copper, Gold, and Silver Discovery in Argentina and Chile — But the Profits Go Abroad
Prince Harry is pleading for reconciliation — but the royals are just as sick of his victimhood as everyone else
The Road to Freedom: She Protested Putin, Escaped House Arrest, and Survived a 2,800-Kilometer Journey
OpenAI's Flip-Flop: No Longer Going Commercial, Back to Nonprofit, After Musk Lawsuit and Backlash
“Trump Supporter” Aims to Bring a MAGA-Style Shift to Romania
First From China: Zhao Xintong Wins the Snooker World Championship
Nvidia Faces Billion-Dollar Losses – Warns: China Is on Its Way to Becoming an AI Superpower
Trump Rules Out Third Term, Names JD Vance and Marco Rubio as Potential Successors
Mexico Says ‘No’ to U.S. Troops: President Sheinbaum Rejects Trump’s Offer to Fight Cartels
Nigel Farage’s Reform UK Storms the Map, Wrecking the Two-Party Monopoly
DOGE: Reimagining Government Operations with AI
Common Sense Returns to Britain's Legal System: UK Supreme Court Declares a Woman Is… a Woman
Beijing Says U.S. Is ‘Reaching Out’ for Tariff Talks Amid Soaring Trade Tensions
U.K. Court Rejects Prince Harry’s Final Appeal Over Police Security
Prince Harry’s Heartfelt Outburst Rocks the Royal Family
Trump Shares AI-Generated Image of Himself as… Pope, Prompting Outrage Reaction
Transgender Swimmer Secures Five Gold Medals at U.S. Masters Championship
Prince Harry: “I Want Reconciliation with My Family”
Germany's Alternative für Deutschland (AfD) party has now been officially labeled “right-wing extremist” by the federal office for the so-called “protection of the constitution.”
Amazon Launches Satellite Internet Service Amidst Competition with SpaceX
Transformative Changes in Women's Wrestling: The Rise of WWE Superstars
The Rush to the White Gold: Global Investment Surge in Natural Hydrogen Exploration
This is a day in Spain without electricity and internet
Reform UK Surprises in British Elections, Challenging Traditional Two-Party System
180-Year-Old Christian University in South Carolina Announces Closure Due to Unmet $6 Million Fundraising Goal
Brazilian Woman Jailed for Fourteen Years for Writing “You Lost, Idiot” on Statue During Protest
Trump Administration Removes National Security Adviser Mike Waltz Amid Signal Chat Controversy
Dutch Politician Eva Vlaardingerbroek Receives Spyware Threat Alert from Apple
Paramount Board Considers Settlement in Trump’s $20 Billion Lawsuit Over "60 Minutes" Interview
U.S. Economy Shrink in Trump’s First Quarter as Tariff Policy Raises Questions
Deadline Looms for RTS Meter Replacement: Hundreds of Thousands at Risk of Heating Disruption
Sweden Grapples with Deadly Gun Violence: Suspect Arrested After Three Young Men Killed in Uppsala Hair Salon
Walz Reveals Why Harris Chose Him as Her Running Mate and Reflects on Democratic Losses
Spain Restores Power After Unprecedented Nationwide Blackout
Carney Secures Liberal Mandate in Canada’s Federal Election
Death Penalty Sought as Luigi Manion Pleads Not Guilty in CEO Murder Case
President Trump contacts Jeff Bezos after reports of Amazon considering listing tariff surcharges; company clarifies no such plan for main platform
Spain and Portugal Recover from Massive Blackout
Liverpool Clinches Record-Equalling 20th English League Title Under Arne Slot
Singapore Politicians Warn Against Foreign Interference in Election
Driver Ploughs into Vancouver Festival Crowd, Killing Nine
Depression, Fear of Defamation, and a Tragic End: New Details on Virginia Giuffre’s Suicide
“Sharia for UK, Allah Akbar!”
Massive Explosion at Iran's Bandar Abbas Port Linked to Suspicious Chemical Shipments
Incident Reflection: A Harsh Reality Check
×