NatWest chairman says political fallout of Farage storm forced out chief executive

UK government intervention appeared to seal Alison Rose's fate, after sources at the prime minister's office and the finance ministry briefed newspapers late on Tuesday evening they were not happy with her remaining in post

NatWest CEO Alison Rose resigned on Wednesday amid the fallout of the Nigel Farage storm.

NatWest chairman Howard Davies said political pressure ultimately led to the shock departure of chief executive Alison Rose, as the bank battles to contain the fallout from a damaging clash with former Brexit party leader Nigel Farage.

Britain's biggest business bank has faced severe criticism for mishandling the closure of Farage's accounts with its private bank Coutts, after a dossier emerged showing a bank committee had said his views did not align with the lender's own.