Former NatWest CEO Dame Alison Rose Loses Majority of £10m Exit Payout Amid Farage Debanking Scandal

Dame Alison Rose to forfeit nearly £7.6m due to role in Farage's debanking, but will continue receiving approximately £1.7m of her package which includes basic salary and fixed share allowance during her gardening leave.

Dame Alison Rose, former CEO of NatWest, is set to lose most of her £10m exit payout due to her involvement in the debanking scandal concerning Nigel Farage. The decision was made by the NatWest board, which has been under immense public and regulatory pressure.
Despite her exit package being significantly reduced, Rose will continue receiving around £1.7m, which includes her basic salary and fixed share allowance during her gardening leave.
Rose had discussed inaccurate information regarding Farage's account with a BBC journalist, leading to her resignation. In addition, employees at Coutts, NatWest's private bank where Farage held his account, were found to have considered his political views when deciding to close his account.
The Financial Conduct Authority identified potential regulatory breaches in relation to the matter and has initiated a review of NatWest's governance, systems, and controls. This has put additional pressure on the NatWest board.
Despite the loss of her exit package, Rose has reportedly been consulting lawyers, asserting that she is entitled to the full amount. The exact amount of the payout reduction is expected to be announced along with the bank's Q3 results.