Reform UK leader Nigel Farage and NatWest settle de-banking dispute

(Alliance News) - Nigel Farage has agreed to settle his debanking dispute with NatWest Group PLC nearly two years after a row over the closure of his accounts, which culminated in the resignation of the lending giant's chief executive.

The bank has apologised to the Reform UK leader and the terms of the agreement are confidential, according to a joint statement.

In July 2023, Farage obtained internal evidence from the bank suggesting his account with Coutts, which is owned by NatWest, had been closed partly due to his political views.

Alison Rose was then forced to stand down as chief executive after she admitted to being the source of an inaccurate story about the politician's finances, which said the closure was instead for commercial reasons.

In a statement on Wednesday, Farage and NatWest said: "NatWest Group and Nigel Farage MP are pleased to confirm that they have resolved and settled their dispute, and the bank has apologised to Farage.

"The terms of the settlement are confidential."

By Nina Lloyd, PA Political Correspondent

source: PA

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