'They should all go' | NatWest chief quits over Nigel Farage fiasco, but firm still at risk of huge reputational damage

NatWest Group CEO Alison Rose stepped down with immediate effect this week after she admitted to a "serious error of judgment" in discussing Nigel Farage's relationship with the bank with a BBC journalist.

The bank has faced intense political and media scrutiny over a decision by its private bank Coutts to close Farage's accounts. An internal review obtained by the politician-turned-TV show host showed Coutts' wealth reputational risk committee had said his values did not align with the bank's own.

In a statement earlier this week, Rose said: “I recognise that in my conversations with Simon Jack of the BBC, I made a serious error of judgment in discussing Mr Farage’s relationship with the bank.

“Believing it was public knowledge, I confirmed that Mr Farage was a Coutts customer and that he had been offered a NatWest bank account.