NatWest poised to scrap most of Alison Rose’s £10m payout after Farage scandal

Move follows resignation of CEO over row linked to closure of former Ukip leader's bank accounts

NatWest is expected to scrap most of a potentially 10m-plus payout to Alison Rose, the banking group's former chief executive, who was forced to resign over a scandal linked to the closure of Nigel Farage's bank accounts.

The board of NatWest is poised to announce that it will not pay most of the discretionary elements of Rose's remuneration package that are linked to performance, in an attempt to draw a line under the controversy. The taxpayer still owns almost 40% of NatWest, 15 years after it was bailed out by the UK government during the financial crisis.