He told Sky News: “Howard Davies’ job, he describes himself as chairperson of the NatWest Group, his job is to oversee governance. However, Dame Alison was forced to resign just hours later after senior Government ministers made it clear they believed her position was untenable.Mr Farage told Sky News that the board, led by Sir Howard, had “made a complete and utter mess of this.” Investors are concerned after Sir Howard, 72, and the board of directors said they had confidence in Dame Alison Rose on Tuesday evening, even as she admitted to misleading a BBC journalist about the reasons why Mr Farage’s account at private bank Coutts had been closed. That’s sacrosanct and starts with the tone from the top.”Īnother said: “My suspicion is that he will end up going, but probably shouldn’t have to.” One unnamed major shareholder told the paper: “He’s clearly not in charge. Shareholders of the bank are concerned that Sir Howard, a City heavyweight who has chaired NatWest for nearly nine years, has lost control of the situation, according to the Financial Times. Mr Farage has also called for Sir Howard to resign, saying the “whole board” of NatWest should be replaced. Investors are concerned that Sir Howard Davies, who has led the bank’s board since 2015, has lost authority at NatWest after the bank was forced to backtrack on its decision to stand behind Dame Alison Rose.
The chairman of NatWest is facing growing pressure to resign over his handling of the Nigel Farage “debanking” scandal.
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