Thursday 27 July 2023 14:21, UK
Coutts chief executive Peter Flavel will stand down over his handling of Nigel Farage’s accounts.
In a statement from the new NatWest chief executive, it was announced that Mr Flavel had stepped down by mutual consent and with immediate effect.
“We have fallen below the bank’s high standards of personal service”, Mr Flavel said. “As chief executive of Coutts it is right that I bear ultimate responsibility”.
He is just the latest scalp claimed by the row which saw former UKIP leaders Nigel Farage’s bank accounts closed as he did not meet Coutt’s high financial threshold’s and was deemed a publicity risk to the bank.
In internal Coutts documents…
