Sir Howard Davies planning ‘orderly transition’ as bank hires lawyers to investigate account closures
Nils Pratley: It will be surprising if Davies hasn’t gone by ChristmasBusiness live – latest updatesNatWest to pay UK government £190m as Farage crisis rocks bank
The NatWest chair, Sir Howard Davies, said he would stay in his post to give “stability” and ensure an “orderly transition” at the embattled bank, amid speculation that he could be the lender’s third boss to be ousted over the Nigel Farage bank account scandal.
The bank also revealed it had hired external lawyers to investigate the closure of Farage’s accounts at its private bank Coutts, and look into the information Dame Alison Rose shared with a BBC reporter that led to her shock resignation as chief executive in the early hours of Wednesday. Coutts’s chief executive, Peter Flavel, stepped down a day later.
