Banking Scandal: CEO Quits, BBC Apologizes, and Nigel Farage's Account Closure
NatWest Group CEO Alison Rose has resigned after admitting to discussing the details of Nigel Farage's bank account with a BBC reporter, leading to the termination of his account by sister lender Coutts. The controversy surrounding the termination of Farage's account has sparked political and regulatory ramifications, as well as debates about free speech. The bank, which is 39% owned by the British taxpayer, has launched an independent review of the events. The Financial Conduct Authority has raised concerns and will decide if further action is necessary. Farage is calling for the resignation of the entire NatWest Group executive board and a regulatory overhaul of Britain's banking sector.