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    City AM – You could open a Coutts account with that

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    By News Desk on August 24, 2023 Business, Business Briefing, News Briefing
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    City AM – You could open a Coutts account with that

    CITY AM says Former NatWest boss Dame Alison Rose’s pay package – reportedly £2.4m – has been branded a “sick joke” by Nigel Farage.

    Dame Alison quit her high-profile role as boss of NatWest, which also owns private bank Coutts over her handling of Farage’s account closure – which sparked a ‘debanking’ scandal.

    NatWest Group issued an RNS this morning stating that Dame Alison was currently serving out her 12-month notice period and that, per her contract, she would receive her fixed pay.

    This amounts to: a salary of £1,155,660; a fixed share allowance of £1,155,660; and a pension allowance of 10 per cent of her salary.

    The former UKIP leader posted a video on social media platform X, formerly Twitter, claiming: “This is the corrupt British establishment looking after its own.”

    Catch up on all the business pages here

    City AM - You could open a Coutts account with that
    City AM – You could open a Coutts account with that

    Business pages City AM
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